• Strait of Hormuz: The fragile ceasefire between the US and Iran that has held for nearly a month is being tested after both sides fired shots in the Strait of Hormuz. The US military “blew up” six Iranian boats Monday after Tehran launched “multiple cruise missiles, drones and small boats” at American Navy ships and commercial vessels, US Central Command said.
• Clashing accounts: Earlier, US-flagged vessels successfully passed through the strait, the military said, but Iran’s Revolutionary Guard Corps rejected the statement as “baseless,” according to state media.
• Impact on economy: Oil prices rose and stocks fell on renewed concerns about the safety of transiting the waterway, after President Donald Trump said US forces would help guide stranded vessels. US gas prices could reach $5 a gallon if the strait remains closed, an oil market expert says.
• In Lebanon: The Israeli military has issued a fresh evacuation order for 10 villages in southern Lebanon. The Iran-backed Hezbollah group has continued to trade strikes with Israel during a fragile ceasefire.
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