← May 5, 2026 briefingWorld
US and Iran trade threats over Strait of Hormuz
Washington and Tehran are escalating a dangerous standoff over the Strait of Hormuz, through which roughly a fifth of the world's oil passes, with Trump issuing direct threats to Iran as the US military encourages commercial ships to transit the waterway. Iran insists it is in full control of the strait, and the tension is threatening to unravel a fragile ceasefire. Israeli attacks have separately killed 2,696 people in Lebanon since March 2.
MarketStrait of Hormuz traffic returns to normal by end of May?
Strait of Hormuz traffic returns to normal by end of May?16% chance






