Trump says the US blockade of Iranian ports is working, urging Tehran to ‘give up’ amid tensions.

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United States President Donald Trump says Washington’s blockade of Iranian ports has been a success, urging Tehran to “just give up” as pressure mounts in a deepening standoff over the Strait of Hormuz.

Iran has pushed back strongly, with Parliament Speaker Mohammad Bagher Ghalibaf dismissing the US campaign as ineffective, while the military says its restraint so far has been “intended to give diplomacy a chance”.

Meanwhile, tensions in the Strait of Hormuz are rippling through global markets, sending oil prices above $120 a barrel and driving US petrol prices to a four-year high.

Here is what we know as the conflict enters day 62: