politics
Iran attacks UAE; U.S. says it sank boats in Strait of Hormuz
Stock market indices fell, and oil prices rose after the reported attack on the United Arab Emirates by Iran, which came nearly a month into a ceasefire.
TL;DR
- The UAE reported it was under attack from Iranian drones and missiles.
- The U.S. stated it sank six Iranian boats that were interfering with commercial shipping in the Strait of Hormuz.
- A social media account linked to Iran's Islamic Revolutionary Guard Corps appeared to confirm the attacks against the UAE.
- Stock market indices fell and oil prices rose due to fears of exacerbated or prolonged global economic impact.
- The UAE activated its missile alert system for the first time since the April 8 ceasefire.
- President Trump warned Iran against targeting U.S. ships.