dailyloe.com – On May 4, 2026, US Defense Secretary Pete Hegseth stated that the ceasefire with Iran remains in effect despite recent attacks.
The US and Iran engaged in hostilities in the Strait of Hormuz, with General Dan Caine reporting multiple Iranian attacks on commercial vessels.
Iran has launched drones and missiles towards the United Arab Emirates, marking a significant escalation since the ceasefire announcement.
The strikes have led to an increase in global oil prices and disruptions at Dubai Airport, causing delays and diversions of flights.
The Reserve Bank of Australia raised its cash interest rate by 25 basis points to 4.35 percent, attributing the increase to rising fuel prices amid Middle Eastern turmoil.
The US Navy previously escorted two vessels through the Strait of Hormuz, an action Iran views as a violation of the ceasefire agreement made last month.
An Iranian military source reported that five passengers died in a US attack on two civilian boats believed to be heading towards Iran.
Iranian officials have issued warnings to the US and Israel against any hostile actions, amplifying the ongoing tensions in the region.
Live updates continue as the situation develops further.
