HomeNews
Share

Trump accused Iran of violating the deal following drone attacks on ships in the Strait of Hormuz

Yuliya Kotova

Yuliya Kotova

Photo: Andrew Leyden / Shutterstock.com

Photo: Andrew Leyden / Shutterstock.com

U.S. President Donald Trump accused Iran of violating the ceasefire agreement, stating that Iran had fired on cargo ships in the Strait of Hormuz.

Iran launched at least four drones at ships passing through the Strait of Hormuz, Trump wrote on the social media platform Truth Social on Friday. Three drones were shot down, but the fourth struck the upper deck of a “large and very expensive cargo ship,” he added. According to Trump, the ship was able to continue on its way despite the damage.

"This is clearly a gross violation of our ceasefire agreement," the U.S. president said.

Context

News broke yesterday that a cargo ship flying the Singaporean flag had been attacked in the Strait of Hormuz. The attack took place near the coast of Oman a few hours after the Iranian navy ordered ships not to use routes through the strait that were not authorized by Tehran, The Wall Street Journal reported. Following the attack, the International Maritime Organization (IMO, a specialized agency of the UN) suspended the evacuation of ships from the Strait of Hormuz.

The incident represents one of the most serious tests for the fragile ceasefire agreement with Tehran signed last week, according to Bloomberg. It also marks a setback in efforts to restore shipping through this critically important energy corridor.

How is the market reacting?

Following Trump's statement, stock gains slowed: the S&P 500 and Dow Jones indices retreated to their previous closing levels, while the Nasdaq index slipped slightly. Brent crude futures for August delivery fell 4.5%.

This article was AI-translated and verified by a human editor

Share

Trending

Stock Screener
Buy
Sell
Guru Portfolios

Track the investments of top funds and market legends



















Small Caps
Investment and Finance News