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The U.S. said it had struck "dozens" of targets belonging to Iran's Revolutionary Guard Corps. The multiple flare-ups, after several days of relative calm, raised the risk of a return to all-out war.
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Iran-aligned militias in Iraq were under growing pressure to disarm, but the latest strikes may embolden them to get more deeply involved in the war.
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Disruption to global supplies of oil and liquid natural gas through the Strait of Hormuz has pushed up prices.
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The United States is again exchanging strikes with Iran, just days after the president appeared to reject plans to escalate.
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The kingdom faces a choice of whether to keep hitting back as a deterrent or to try to de-escalate the situation.
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