Middle East crisis live: Iran launches strikes on US bases in Gulf; oil prices drop after Trump ‘peace plan’ report

Iran Guards said they fired missiles at Israel and US forces in bases in Kuwait, Jordan and Bahrain; crude oil prices fall sharply in early trading

• Trump’s rehashed 15-point Iran plan unlikely to appease Tehran

Disruptions to international fertiliser supplies caused by the closing of the strait of Hormuz will cause food scarcity and high prices, the World Trade Organisation’s deputy director general, Jean-Marie Paugam, told Agence France-Press.

A third of the world’s fertilisers normally transit the strait, which has been virtually closed by Iran since the start of the war.