The United States and Iran have traded strikes for the first time since signing a memorandum of understanding (MoU) last week, raising tensions days before the two sides are set to meet for the next round of talks.

The US military said it carried out the strikes in retaliation for a drone attack on a cargo ship a day earlier in the Strait of Hormuz. This came after US President Donald Trump accused Iran of carrying out that attack.

Iranian state media reported that a projectile struck near a pier in the city of Sirik near the Strait of Hormuz. Iran said Qeshm island has also been hit.

Iran’s Islamic Revolutionary Guard Corps (IRGC) said it targeted locations in the region where US forces are deployed in retaliation for the Trump administration’s latest attack.

Here’s what we know as the conflict enters day 120.