The Financial News

The Financial News

U.S. and Iran truce tested over the Strait of Hormuz, threatening to reignite conflict


The tenuous truce between the U.S. and Iran was tested Monday, as American ships clearing a lane in the Strait of Hormuz came under fire and sank Iranian boats. Iran also fired drones and missiles at a key oil terminal in the United Arab Emirates, spooking markets and raising concerns that war could resume. Nick Schifrin reports.

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