US warship hit report denied after alleged incident near Jask island
Updated
Updated · CNBC · May 3
US warship hit report denied after alleged incident near Jask island
12 articles · Updated · CNBC · May 3
The denial followed Iranian state media claims that missiles struck a US vessel and that naval forces blocked “American-Zionist” warships near the Strait of Hormuz.
Markets reacted sharply: S&P 500 futures fell 0.4%, Dow futures 0.65%, while US crude rose 4.8% to $106.69 and Brent gained 4.7% to $113.25.
Oil later eased from highs as the reports were disputed. Donald Trump also announced “Project Freedom” to help non-belligerent cargo ships stranded by the Hormuz closure from Monday.
Beyond oil, which critical global supply chain is most at risk of collapse from the Hormuz closure?
With 20,000 sailors trapped in the Persian Gulf, is a humanitarian crisis the conflict's next flashpoint?
How can Iran’s low-tech naval mines challenge the U.S. Navy's dominance in the Strait of Hormuz?