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LOW IMPACT ForexLive · May 4, 04:27 PM

US says it 'eliminated' six Iranian small boats

Ok, so now we know why Iran fired missiles and drones. A US Admiral via CENTCOM reports that the US destroyed six Iranian small boats that were approaching commercial vessels in the Strait of Hormuz. There is also a headline saying citing a senior Iranian military official saying Iran has no plan to target the UAE. Of course, they did attack the UAE so that's a strange one. More from the admiral: Iran has targeted civilian and US military ships with cruise missiles US military blockade of Iran i

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BULLISH 75% confidence

Increased tensions in the Strait of Hormuz may lead to a rise in oil prices as fears of supply disruptions grow. The forex market could see volatility in currencies linked to oil-exporting nations.

AI-generated analysis. For educational purposes only — not financial advice.

Ok, so now we know why Iran fired missiles and drones. A US Admiral via CENTCOM reports that the US destroyed six Iranian small boats that were approaching commercial vessels in the Strait of Hormuz. There is also a headline saying citing a senior Iranian military official saying Iran has no plan to target the UAE. Of course, they did attack the UAE so that's a strange one. More from the admiral: Iran has targeted civilian and US military ships with cruise missiles US military blockade of Iran is exceeding expectations Ships in Gulf waters belong to 87 countries, and we urge ships to cross the strait through the safe passage Iran has attempted but failed to interfere by firing at commercial shipping There is a video circulating of a commercial ship on fire. It's not clear what else is going on but Trump isn't writing on Truth Social at the moment. It's getting tougher to see an off-ramp here as they now seem to be openly fighting over who controls Hormuz. This article was written by Adam Button at investinglive.com.

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