May 5, 2026, 09:30 GMT
The United States and Iran have launched fresh attacks in the Gulf, each side intensifying efforts to assert control over the Strait of Hormuz. American forces struck Iranian patrol boats accused of harassing commercial vessels, while Tehran retaliated with missile fire on regional oil infrastructure. The escalation has disrupted shipping lanes, driven insurance premiums higher, and pushed global oil prices upward. Analysts warn that the confrontation risks spiraling into a prolonged conflict, with both Washington and Tehran unwilling to back down from their hardened positions.
(Source – Reuters)
—Agencies
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