Iran-US conflict

The US and Iran have renewed strikes against each other, just three weeks after both signed a memorandum of understanding on ending the war. The international community has been keenly watching developments, as both sides have yet to fix differences over their agreement. What should we make of the latest situation in Iran? As conflicts persist in the Gulf region, what do these mean for the Strait of Hormuz, global energy supplies and the broader future of the Middle East?