Senior officials privately expressed doubt the Trump administration can achieve the overthrow of Iran's government and the destruction of its nuclear program through military means.

President Donald Trump said Iran is ready to make a deal to end the war but the US wants better terms, signaling no let up in a conflict that’s brought shipping in the strategic Strait of Hormuz to a near standstill and upended energy markets.

This comes as the president says the Navy will "soon" escort tankers through the Strait of Hormuz, a critical waterway through which a fifth of the world's oil flows, adding that many countries would help secure the waterway in coordination with the U.

Israel and Iran traded strikes overnight, while missile and drone interceptions have been reported in Gulf states.

The jockeying for Trump's ear is a feature of his presidency, but this time the consequences are a matter of war and peace.

President Trump said more bombing in Iran "obliterated" military targets at the country's key oil hub. CBS News New York's Dick Brennan reports.

Meanwhile, a fire continues to burn at the port of Fujairah in the UAE after it was targeted by a drone strike earlier.

President Donald Trump threatened to strike oil infrastructure on the ‌island if Iran continues attacks that have halted most ship traffic in the Strait of Hormuz.