The US and Iran have exchanged heavy strikes for two consecutive nights, dramatically reducing traffic through the Strait of Hormuz—from roughly 130 ships per day to single figures, according to industry observers. The US military says it struck 90 Iranian targets along the coast, while Iran launched retaliatory attacks on US assets in Gulf states and reported 14 deaths. Amid the escalation, President Donald Trump stated that Iran had contacted him seeking a deal, though he expressed doubt about whether Tehran would follow through. Trump also declared the ceasefire agreement signed last month with Iran effectively dead. The fighting follows a period of relative calm after a June memorandum of understanding.