US and Iranian militaries trade shots as Strait of Hormuz tensions escalate
The US and Iranian militaries exchanged fire in the Strait of Hormuz, with the US military saying it destroyed six Iranian boats after Tehran launched missiles, drones, and small boats at American Navy ships. Oil prices rose and stocks fell due to concerns about the safety of transiting the waterway.
The US and Iranian militaries have exchanged fire in the Strait of Hormuz, testing a fragile ceasefire that has held for nearly a month. The US military said it destroyed six Iranian boats after Tehran launched multiple cruise missiles, drones, and small boats at American Navy ships and commercial vessels. US Central Command reported that US-flagged vessels successfully passed through the strait, but Iran's Revolutionary Guard Corps rejected the statement as 'baseless.' Oil prices rose and stocks fell due to concerns about the safety of transiting the waterway. An Israeli air defense system deployed to the UAE intercepted an Iranian missile on Monday. A tanker was hit by projectiles off the UAE coast, and two ship fires were reported in the area.
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