US and Iran exchange fire as Hormuz crisis reignites
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Politics

US and Iran exchange fire as Hormuz crisis reignites

May 4, 2026
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Posted 1 hour ago by

Oil jumps to 115 and Treasuries sell off as Tehran targets UAE and US hits Iranian fast boats

US and Iran exchange fire as Hormuz crisis reignites
Financial Times
Financial Times

Coverage and analysis from United Kingdom. All insights are generated by our AI narrative analysis engine.

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