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Trump warned that Iranian forces would be “blown off the face of the Earth” if they target US ships. Meanwhile, Iran’s attacks on the UAE threaten to widen the conflict again.
Updated 10:31 PM EDT, Mon May 4, 2026
Here’s the latest
• Ceasefire under strain: The ceasefire between the US and Iran is being tested after both sides fired shots in the Strait of Hormuz, prompting President Donald Trump to decline to say if the truce remains in place. In addition, the United Arab Emirates, a US ally, said that its air defenses “engaged” 19 Iranian missiles and drones and that a drone attack caused a fire at an oil port in the Fujairah region.
• US threat: Trump also warned Iranian forces they would be “blown off the face of the Earth” if they attempted to target US ships in the strait or the Persian Gulf.
• Impact on economy: Oil prices rose and stocks fell on concerns about the safety of transiting the critical waterway. Average US gas prices could reach $5 a gallon if the strait remains closed, an oil market expert said.
Future of ceasefire could hinge on what happens in Strait of Hormuz Tuesday
The ceasefire with Iran is on shaky ground amid apparently competing priorities between hardliners and moderates in Iran and its future could hinge on what happens in the Strait of Hormuz Tuesday.
Iranian drone strike causes “major fire” at UAE oil facility, officials say.
Iran launched drone and rocket attacks at targets in the United Arab Emirates on Monday, authorities said.
The UAE, a US ally, said its air defenses “engaged” 19 Iranian missiles and drones. However, three Indian nationals were moderately injured following a drone strike that sparked a “major fire” at the Fujairah Oil Industry Zone.
Trump’s trip to China next week could complicate any decision on Iran ceasefire
US President Donald Trump’s highly anticipated visit to Beijing next week could complicate any decision to resume the war with Iran.
He initially delayed the trip from April while the conflict raged. China has called for reopening of the Strait of Hormuz, where much of the energy products it relies upon pass through.
Arriving in Beijing with the conflict at best unresolved — or at worst raging yet again — could place Trump in a weakened position in his talks with Chinese leader Xi Jinping.
Speaking to Fox News on Monday, Treasury Secretary Scott Bessent — who has been leading preliminary discussions with the Chinese ahead of Trump’s visit — said the country could do more to convince Iran to allow ships to pass through the strait.
“Let’s see if China – let’s see them step up with some diplomacy and get the Iranians to open the strait,” he said.







