What to know
- An oil refinery in the United Arab Emirates was set on fire today during Iranian strikes, after the UAE issued four missile alerts, the UAE said. Three people were injured in the drone strikes.
- President Donald Trump said yesterday that the United States would use the military to “free up” ships in the Strait of Hormuz amid a fragile ceasefire after he reportedly rejected Iran’s threatened attacks against U.S. ships approaching the crucial trade waters.
- Two U.S.-flagged ships transited the Strait of Hormuz today, according to U.S. Central Command. CENTCOM denied that Iran’s Revolutionary Guard hit a U.S. warship with two missiles near an Iranian port.
- Gas prices have continued their rapid climb. The average price for a gallon of gas in the U.S. reached $4.46 today, according to national averages tracked by AAA, as the block on the Strait of Hormuz has sent the global energy market into a tailspin.