U.S., Iran trade fresh strikes, threatening fragile ceasefire in World Economy News 10/07/2026 The U.S. launched fresh air attacks at Iran on Thursday, leading Tehran to respond with a wave of strikes on sites across the Persian Gulf, in the latest round of tit-for-tat fire that has threatened to derail an already shaky ceasefire agreement. Track developments in the Iran war with InvestingPro – now 60% off Exchanges of strikes, followed by a tenuous halt to hostilities, have become a recurring cycle since the signing of the framework truce in June, leaving the efficacy of the deal mired in uncertainty. Both sides have accused each other of violating the agreement. Efforts to quell the latest flare-up in fighting were underway, with Qatar telling Iran that Tehran and the U.S. should commit to finding a diplomatic solution. In a phone call, Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani told Iranian Foreign Minster Abbas Araghchi that the U.S. and Iran should implement their memorandum of referendum signed in June. Qatar, as well as Pakistan, have served as mediators in recent peace negotiations. Al-Thani also condemned an attack on a Qatari tanker in the Strait of Hormuz earlier this week, the country’s foreign ministry said. Earlier, the U.S. military said it had carried out another round of strikes on Iran, just hours after President Donald Trump cast doubt over the status of the ceasefire with Tehran. U.S. Central Command (CENTCOM) said it struck about 90 military targets in the country, including air defense systems, coastal surveillance assets, and drone storage sites. CENTCOM said the attacks were aimed at further degrading Iran’s ability to strike commercial shipping in the Strait of Hormuz. The latest round of hostilities were framed as retaliation for Iran’s attacks on three oil tankers in Hormuz. Iran’s military retaliated with separate strikes on what it described as U.S. military bases in Kuwait and Bahrain. The country’s paramilitary Isla