Trump: US-Iran Ceasefire Holds After Strait of Hormuz Exchange of Fire
US President Trump said the ceasefire framework between the United States and Iran remains intact despite a military exchange in the Strait of Hormuz, one of the world’s most critical oil shipping lanes.
The incident occurred as Iranian missiles and drones were launched toward the strait area, with the UAE intercepting several incoming projectiles. US forces responded militarily, raising tensions in the region.
Trump maintained on social media that both sides were operating within the ceasefire framework but warned that threats to US forces and allies would not be tolerated.
Oil markets reacted sharply to the news, with crude prices jumping on fears of shipping disruption through the strait, which handles roughly 20 percent of global oil supply. The international community called for restraint from all parties.