U.S. Central Command said Friday that its forces struck “missile and drone storage locations and coastal radar sites.” ...

A U.S. official said the U.S. and Iran agreed to halt attacks in the Strait of Hormuz and allow vessels to move freely. Hostilities in recent days have threatened a two-week-old cease-fire.

Increased stockpiles, more pipelines and other tactics could loosen the waterway’s stranglehold on the global economy.