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US and Iran launch new attacks as they wrestle for control of Gulf waters

The exchanges disrupted a fragile truce and sent oil prices up more than 5%, while commercial shipping remained largely blocked.

  • On Monday, Iran launched missiles, drones, and small boats at vessels in the Strait of Hormuz after President Donald Trump announced 'Project Freedom' to escort commercial ships through the waterway.
  • The waterway has been virtually blocked since joint U.S.-Israeli strikes in February, and a fragile ceasefire collapsed following months of maritime blockades and failed diplomatic talks between the two nations.
  • U.S. Central Command reported destroying six Iranian boats during the engagement, though Iran denied naval losses; separate Iranian missiles set a United Arab Emirates oil facility ablaze, injuring three Indian nationals.
  • Oil prices jumped more than 5 percent in volatile trade following the attacks, while experts caution that two U.S.-flagged vessels' successful passage does not mean the waterway is fully operational.
  • Iranian Foreign Minister Abbas Araqchi stated there was 'no military solution' to the crisis, warning the U.S. and the UAE against being drawn into a 'quagmire' as hostilities threaten global energy trade.
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US tries to force open Strait of Hormuz as the UAE comes under attack in a test of Iran ceasefire

The U.S. military says it fired on Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz.

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Reuters broke the news in United Kingdom on Monday, May 4, 2026.
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