The ceasefire between the U.S. and Iran is under strain as both sides exchanged fire in the Strait of Hormuz, and President Trump refused to confirm whether the truce continues. Additionally, the United States' ally, the United Arab Emirates, stated that its air defense systems "intercepted" 19 Iranian missiles and drones, while a drone attack set fire to an oil terminal in the Fujairah region.
Trump also warned the Iranian military that if they attempt to attack U.S. vessels in the strait or the Persian Gulf, they will be "blown off the face of the Earth."
Oil prices rose and stocks fell due to concerns over security through this critical waterway. A petroleum market expert said that if the strait remains closed, the average U.S. gasoline price could reach $5 per gallon.
Original source: toutiao.com/article/1864321473896448/
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