Iran attacks UAE as U.S. says it sank boats in Strait of Hormuz
Iran missile attacks rattle ceasefire, roil markets, and threaten shipping lanes See how the Gulf escalation could hit oil, trade, and investors next
The United Arab Emirates said on Monday that Iran launched missile and drone attacks despite a fragile ceasefire between the two countries and the United States. The reported strikes raised concerns that the truce could break down further.
U.S. officials also said American forces sank six small Iranian boats in the Strait of Hormuz after they tried to interfere with commercial shipping. Tehran denied that the boats were sunk. President Donald Trump later warned Iran against targeting U.S. ships escorting commercial vessels in the waterway.
The developments rattled markets, with stocks falling and oil prices rising as investors weighed the risk of wider disruption to global trade and energy flows. The UAE said its air defenses intercepted missiles and drones, and emergency alerts were sent to residents in Dubai and Abu Dhabi.