Updates to reflect afternoon trade

JOHANNESBURG, June 11 (Reuters) - The South African rand gained on Thursday as the U.S. dollar wavered, while renewed strikes by Iran and the United States and higher oil prices kept broader risk appetite subdued.

• At 1327 GMT, the rand traded at 16.52 against the U.S. dollar ZAR=D3, up 0.3% from its previous close.

• The U.S. and Iran traded air attacks for a second successive day, with President Donald Trump vowing further strikes if Tehran does not immediately agree to a peace deal.

• The greenback =USD eased against a basket of currencies and oil prices jumped after Tehran declared the Strait of Hormuz closed following the U.S. strikes on Iran.

• Like other risk-sensitive currencies, the rand has been driven largely by global market sentiment, particularly since the start of the U.S.-Israeli war against Iran.

• The South African Reserve Bank has published first-quarter current account data ZACACT=ECI, showing that South Africa recorded a sharply higher current account surplus, the largest in more than four years, driven by increased net gold exports.

• "Looking forward to Q2.26, we expect the trade surplus to narrow, on the effects of the war in the Middle East, with higher oil prices, specifically in April and May, weighing on the value of imports," said Investec economist Lara Hodes.

• Statistics South Africa released April mining output data which showed that total mining output rose 8.2% from 2.5% in March. Manufacturing production fell 2.9% year-on-year in April compared to an increase of 1.5% in March.

• On the Johannesburg Stock Exchange, the Top-40 index .JTOPI was last up 0.5%.

• South Africa's benchmark 2035 government bond ZAR2035= was also firmer, as the yield fell 3.5 basis points to 8.6%.