{"id":596056,"date":"2026-05-04T16:05:00","date_gmt":"2026-05-04T16:05:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=596056"},"modified":"2026-05-04T16:05:00","modified_gmt":"2026-05-04T16:05:00","slug":"stocks-dump-oil-bond-yields-jump-after-iran-missile-drone-strikes-on-dubai-uae-oil-infrastructure-3","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=596056","title":{"rendered":"Stocks Dump, Oil &amp; Bond Yields Jump After Iran Missile\/Drone Strikes On Dubai &amp; UAE Oil Infrastructure"},"content":{"rendered":"<p><span class=\"field field--name-title field--type-string field--label-hidden\">Stocks Dump, Oil &amp; Bond Yields Jump After Iran Missile\/Drone Strikes On Dubai &amp; UAE Oil Infrastructure<\/span><\/p>\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<h2>Summary<\/h2>\n<ul>\n<li>\n<p><em>Following a report from the UAE\u00a0National Emergency Crisis and Disaster that the country&#8217;s &#8220;air defenses are now dealing with a missile threat&#8221;, we have gotten reports of explosions in Dubai, which has sent oil higher and Emini futures into the red.\u00a0<\/em><\/p>\n<\/li>\n<li>\n<p><em>CENTCOM hails <strong>two US merchant ships exiting<\/strong> Hormuz Strait safely in <strong>&#8220;first step&#8221;<\/strong>. Bessent issues remarks warning the US <strong>&#8220;will fire if fired upon.&#8221;<\/strong><\/em><\/p>\n<\/li>\n<li>\n<p><b><i>Iran insists Hormuz is under its control &amp; says it targeted &amp; struck a US Navy vessel<\/i><\/b><i>, which the Pentagon\/Central Command <strong>has denied<\/strong>.<\/i><\/p>\n<\/li>\n<li>\n<p><em>Trump announced Sunday US will <strong>&#8216;help free up&#8217; ships stuck in Hormuz Strait through Project Freedom<\/strong>.<\/em><\/p>\n<\/li>\n<li>\n<p><em>Iran has in response <strong>issued a &#8220;redefined the control zone&#8221;<\/strong> in Strait of Hormuz.<\/em><\/p>\n<\/li>\n<li>\n<p><em><strong>Pakistan facilities good faith return of Iranian crew members <\/strong>of US-seized merchant ship from two weeks ago.<\/em><\/p>\n<\/li>\n<\/ul>\n<figure aria-label=\"Polymarket prediction market: US x Iran permanent peace deal by June 30, 2026?\" class=\"polymarket-embed\"><figcaption><strong>US x Iran permanent peace deal by June 30, 2026?<\/strong><br \/>\nYes 37% \u00b7 No 64%<br \/><a href=\"https:\/\/polymarket.com\/event\/us-x-iran-permanent-peace-deal-by\">View full market &amp; trade on Polymarket<\/a><\/figcaption><\/figure>\n<p>*\u00a0 *\u00a0 *<\/p>\n<h2>Injuries Reported<\/h2>\n<p>The <strong>Fujairah Media Office \/ Emirate<\/strong> has confirmed that <strong>3 Indian citizens\/residents were moderately injured<\/strong> in today\u2019s Iranian drone attack on the <strong>Fujairah Petroleum Industries Zone<\/strong> (oil industry complex).<\/p>\n<ul>\n<li>Injuries are described as <strong>moderate<\/strong> (no fatalities reported).<\/li>\n<li>This is the <strong>first confirmed civilian injuries<\/strong> from the current wave of attacks.<\/li>\n<li>The incident is directly linked to the <strong>VTTI oil facility strike<\/strong> and the fire reported minutes earlier in the same zone.<\/li>\n<\/ul>\n<h2>Dubai, UAE Oil Infrastructure, Cargo Tankers Reportedly Struck by Iranian Missiles &amp; Drones\u00a0<\/h2>\n<p>Following reports from the\u00a0Following a report from the UAE\u00a0National Emergency Crisis and Disaster that\u00a0Emirati air defenses are responding to a missile threat,\u00a0we have seen reports of explosions in Dubai, which has sent oil higher and Emini futures into the red<\/p>\n<blockquote class=\"twitter-tweet\" data-partner=\"tweetdeck\">\n<p dir=\"ltr\" lang=\"en\" xml:lang=\"en\">\ud83d\udea8\ud83d\udea8 Explosions reported in the Dubai area as UAE air defenses engage incoming missiles.<\/p>\n<p>\u2014 Amichai Stein (@AmichaiStein1) <a href=\"https:\/\/twitter.com\/AmichaiStein1\/status\/2051317922199425264?ref_src=twsrc%5Etfw\">May 4, 2026<\/a><\/p><\/blockquote>\n<p>Bloomberg adds that the UAE has detected four missiles coming from Iran<\/p>\n<ul>\n<li>*UAE DETECTS FOUR MISSILES COMING FROM IRAN: DEFENSE MINISTRY<\/li>\n<\/ul>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-05-04_08-24-48.jpg?itok=EWcXh9AT\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-05-04_08-24-48.jpg?itok=EWcXh9AT\"><img fetchpriority=\"high\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"d76d59bc-ebab-4301-9c4f-afb756473c4f\" data-responsive-image-style=\"inline_images\" height=\"902\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-05-04_08-24-48.jpg?itok=EWcXh9AT\" alt=\"\" \/><\/a><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\" xml:lang=\"en\">Air defense systems are currently responding to a missile threat. Please remain in a safe location and follow official channels for warnings and updates. <a href=\"https:\/\/t.co\/DJFh6q8xi1\">pic.twitter.com\/DJFh6q8xi1<\/a><\/p>\n<p>\u2014 NCEMA UAE (@NCEMAUAE) <a href=\"https:\/\/twitter.com\/NCEMAUAE\/status\/2051328276283736140?ref_src=twsrc%5Etfw\">May 4, 2026<\/a><\/p><\/blockquote>\n<p>At the same time, the UK MTO Operations Center said that it has received <strong>reports multiple &#8220;Suspicious activities&#8221;<\/strong><\/p>\n<ul>\n<li>\n<p>*UKMTO RECEIVES REPORT OF INCIDENT 36NM NORTH OF DUBAI<\/p>\n<\/li>\n<li>\n<p>*UK NAVY: CARGO VESSEL REPORTED A FIRE IN THE ENGINE ROOM<\/p>\n<\/li>\n<li>\n<p>*UK NAVY: CAUSE OF THE FIRE IS UNKNOWN AT THIS TIME<\/p>\n<\/li>\n<\/ul>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/HHfFyRpXUAAkLjC.jpg?itok=wVnNKmCC\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/HHfFyRpXUAAkLjC.jpg?itok=wVnNKmCC\"><img decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"e883e94b-6b7f-4a0e-8b59-a65d76da80b2\" data-responsive-image-style=\"inline_images\" height=\"710\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/HHfFyRpXUAAkLjC.jpg?itok=wVnNKmCC\" alt=\"\" \/><\/a><\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/HHfDr3oW0AAoWa4.jpg?itok=1WjWPHLw\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/HHfDr3oW0AAoWa4.jpg?itok=1WjWPHLw\"><img decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"0ac673cb-d56c-4c9c-bca2-8180c48c4419\" data-responsive-image-style=\"inline_images\" height=\"708\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/HHfDr3oW0AAoWa4.jpg?itok=1WjWPHLw\" alt=\"\" \/><\/a><\/p>\n<p>Perhaps worst of all, it appears <strong>attacks have recommenced on UAE energy infrastructure<\/strong> (specifically, Fujairah &#8211; the end point of the pipeline the UAE uses to bypass the Strait of Hormuz).<\/p>\n<ul>\n<li>\n<p>*UAE&#8217;S FUJAIRAH SAYS AERIAL ATTACK FROM IRAN<\/p>\n<\/li>\n<li>\n<p><strong>*FUJAIRAH: IRAN DRONE ATTACK CAUSES FIRE AT OIL INDUSTRIAL ZONE<\/strong><\/p>\n<\/li>\n<li>\n<p><strong>Operations at the strategic facility have been affected.\u00a0<\/strong><\/p>\n<\/li>\n<\/ul>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-05-04_08-43-14.jpg?itok=iNQfV9TF\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-05-04_08-43-14.jpg?itok=iNQfV9TF\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"479f9bec-904c-4630-9a6d-54327daefd39\" data-responsive-image-style=\"inline_images\" height=\"460\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-05-04_08-43-14.jpg?itok=iNQfV9TF\" alt=\"\" \/><\/a><\/p>\n<p>In the fog of war, it is increasingly unclear what is real and what is fiction, but while it is certainly possible that Iran has decided to re-escalate against the UAE, which is now as much of a nemesis as Iran, there is the possibility that the UAE is creating conditions for a false flag, hoping to drag the US into what would now be a &#8220;defensive&#8221; operation and thus not needing Congressional clearance.<\/p>\n<p>In any case, the market is not happy, with stocks turning red&#8230;<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-05-04_08-23-00.jpg?itok=YZqcPShG\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-05-04_08-23-00.jpg?itok=YZqcPShG\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"f99c5192-5401-4fc8-9d07-2643bca066cb\" data-responsive-image-style=\"inline_images\" height=\"372\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-05-04_08-23-00.jpg?itok=YZqcPShG\" alt=\"\" \/><\/a><\/p>\n<p>&#8230; and oil pushing back to session highs.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/2026-05-04_08-23-41.jpg?itok=3-Sr8hcL\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/2026-05-04_08-23-41.jpg?itok=3-Sr8hcL\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"11f5296d-a1f5-42a4-ad58-e391b4175f64\" data-responsive-image-style=\"inline_images\" height=\"407\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-05-04_08-23-41.jpg?itok=3-Sr8hcL\" alt=\"\" \/><\/a><\/p>\n<p>And bonds are being dumped with 30Y yield back above 5.01% for the first time since July&#8230;<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/bfm7EE_0.jpg?itok=rSjiIwpC\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/bfm7EE_0.jpg?itok=rSjiIwpC\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"b09b4371-dcf0-406a-be40-6338efa35f9b\" data-responsive-image-style=\"inline_images\" height=\"328\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/bfm7EE_0.jpg?itok=rSjiIwpC\" alt=\"\" \/><\/a><\/p>\n<p>Bear in mind what Goldman warned on Friday:\u00a0<\/p>\n<blockquote>\n<p><em>It feels as though <strong>there are a few lines in the sand starting to develop in markets<\/strong>: <\/em><\/p>\n<ul>\n<li>\n<p><em>120 USD in Crude (note COA roll likely dampens vol a bit today compared to earlier in the week), <\/em><\/p>\n<\/li>\n<li>\n<p><strong><em>4.5% and 5.0% in UST 10\/30yrs, <\/em><\/strong><\/p>\n<\/li>\n<li>\n<p><em>160 in USDJPY<\/em><\/p>\n<\/li>\n<\/ul>\n<p><em><strong>we would be wary of all of these and the proximity to them all adds further fuel to any future resolution risk rally\/Dollar sell-off. <\/strong><\/em><\/p>\n<p><em>Patience is key as always.<\/em><\/p>\n<\/blockquote>\n<p>Some of those signals have been hit and others are looming.<\/p>\n<p>* * *\u00a0<\/p>\n<h2>Bessent: Will Fire if Fired Upon<\/h2>\n<p>Coinciding with &#8216;Day 1&#8217; of Trump&#8217;s Project Freedom to &#8220;guide&#8221; stranded vessels out of the heavily contested Strait of Hormuz, Treasury Secretary Scott Bessent has issued fresh remarks and warnings on Monday.<\/p>\n<p>US Treasury Secretary Bessent says US is opening up the strait, we have absolute control of the strait. A quick summary of his main points via Newsquawk:<\/p>\n<blockquote>\n<p>\u2022 Iranians do not have control of the strait.<br \/>\n\u2022 Project freedom was not done in coordination with Iran.<br \/>\n\u2022 If Iranians want to escalate, we are willing to do so.<br \/>\n\u2022 US is firing only when fired upon.<br \/>\n\u2022 It is a good time for US partners to step up and pressure Iran.<\/p>\n<\/blockquote>\n<p>He further gave a very broad and fuzzy timeline, stating this &#8216;aberration&#8217; will be over in &#8216;weeks or months&#8217;. At this point, admin officials are careful to avoid calling it a &#8216;war&#8217; &#8211; given it has been 60 days since the start, and there&#8217;s the lingering question of Congressional authorization and war powers. Latest out of Hormuz:<\/p>\n<blockquote>\n<p>Iranian IRGC attack<strong> hit a South Korean-linked ship in the Strait of Hormuz<\/strong>. Source: Yonhap<\/p>\n<\/blockquote>\n<h2>Pentagon: Two US-Flagged Ships Exit Hormuz<\/h2>\n<p>On Monday morning, US Central Command announced that within 12 hours after President Trump unveiled &#8216;Project Freedom&#8217;, a pair of US-flagged merchant ships made it out of the Strait of Hormuz. The wording of the statement makes it sound like a US naval escort made this possible &#8211; though the degree to which this was the case remains unclear. Below is the CENTCOM statement.<\/p>\n<blockquote>\n<p><em>U.S. Navy guided-missile destroyers are currently operating in the Arabian Gulf after transiting the Strait of Hormuz in support of Project Freedom. American forces are actively assisting efforts to restore transit for commercial shipping. As a first step, <strong>2 U.S.-flagged merchant vessels have successfully transited through the Strait of Hormuz and are safely headed on their journey<\/strong>.<\/em><\/p>\n<\/blockquote>\n<p>This is being hailed as a the latest Pentagon success, however, the reality remains that Washington is celebrating a solution to a problem that did not exist before the launch of Operation Epic Fury. Or in other words, the US is seeking to open the strait which had never been closed prior to the Iran war. Meanwhile&#8230;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"zxx\" xml:lang=\"zxx\"><a href=\"https:\/\/t.co\/NM0SdwNu9A\">pic.twitter.com\/NM0SdwNu9A<\/a><\/p>\n<p>\u2014 The White House (@WhiteHouse) <a href=\"https:\/\/twitter.com\/WhiteHouse\/status\/2051065153500655701?ref_src=twsrc%5Etfw\">May 3, 2026<\/a><\/p><\/blockquote>\n<h2>IRGC Says It Struck US Navy Ship, US Officials Deny<\/h2>\n<p>Iran is claiming to have attacked and struck a US Navy vessel, announcing that it\u00a0stopped US warships from entering the Strait of Hormuz &#8220;with a firm and swift warning&#8221; and noting that &#8220;additional news will be announced later&#8221; &#8211; a\u00a0statement by state Tasnim News Agency said. Soon after, Fars news agency said that <strong>two missiles hit a US navy vessel near Jask island<\/strong> after it ignored warnings from the IRGC to halt. Jerusalem Post also picked up on the statement, <a href=\"https:\/\/www.jpost.com\/middle-east\/iran-news\/article-895064\">writing<\/a>:<\/p>\n<section>\n<blockquote>\n<p><em>The ship reportedly turned back after being hit. The report further noted that the missiles had been launched after the US &#8220;violated security protocols for transit and navigation near Jask with the intent to pass through the Strait of Hormuz.&#8221;<\/em><\/p>\n<\/blockquote>\n<\/section>\n<p>However, soon after Axios stated that a &#8220;senior US official denies a US ship was hit by Iranian missiles.&#8221;<strong> CENTCOM soon after said that no US navy ships have been struck<\/strong>, adding that US forces are supporting Project Freedom and enforcing the naval blockade on Iranian ports. It is the latest claimed major incident soon on the heels of President Trump the night prior announcing <a href=\"https:\/\/www.zerohedge.com\/geopolitical\/trump-must-choose-impossible-war-or-bad-deal-iran-irgc-message-us\">&#8220;Project Freedom&#8221;<\/a>\u00a0to<strong> &#8220;guide&#8221; stranded ships<\/strong> out of the Strait of Hormuz. New threats:<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/presstv.jpg?itok=OeblFV8q\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/presstv.jpg?itok=OeblFV8q\"><img loading=\"lazy\" decoding=\"async\" data-entity-type=\"file\" data-entity-uuid=\"281de4c7-ee71-4887-9ddc-9863190939da\" data-responsive-image-style=\"inline_images\" height=\"139\" width=\"500\" class=\"inline-images image-style-inline-images\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/presstv.jpg?itok=OeblFV8q\" alt=\"\" \/><\/a><\/p>\n<p>But as we also noted, WSJ explained that\u00a0<em>Project Freedom<\/em>\u00a0&#8220;is a process through which countries, insurance companies and shipping organizations can coordinate moving traffic through the Strait, according to a senior U.S. official.\u00a0<strong>It doesn\u2019t currently involve U.S. Navy warships escorting vessels through the strait, the official said.&#8221;\u00a0<\/strong>So a lot of confusion remains. UAE meanwhile chimes in with some verification of a strike on a LNG tanker:<\/p>\n<blockquote>\n<ul>\n<li>UAE SAYS ADNOC VESSEL HIT BY TWO IRAN DONRES IN HORMUZ<\/li>\n<li>UAE CONDEMNS TARGETING OF ADNOC VESSEL BY DRONES IN HORMUZ<\/li>\n<\/ul>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\" xml:lang=\"en\">\ud83d\udea8 LIVE IN THE STRAIT: The U.S. just launched &#8220;Project Freedom&#8221; to escort neutral commercial vessels through the Strait of Hormuz, but the sanctioned tanker NOOH GAS (IMO 9034690) is currently attempting transit.<\/p>\n<p>Windward Multi-Source Intelligence is tracking NOOH GAS in\u2026 <a href=\"https:\/\/t.co\/zLgIzNsgUG\">pic.twitter.com\/zLgIzNsgUG<\/a><\/p>\n<p>\u2014 Windward (@WindwardAI) <a href=\"https:\/\/twitter.com\/WindwardAI\/status\/2051226096297758910?ref_src=twsrc%5Etfw\">May 4, 2026<\/a><\/p><\/blockquote>\n<p>Trump had also said in his Monday Truth Social statement that he is &#8220;fully aware that my Representatives are having very positive discussions with the Country of Iran, and that these discussions could lead to something very positive for all.&#8221;<\/p>\n<h2>Iranian Tanker Crew Swap in Pakistan<\/h2>\n<p>Some kind of &#8216;good faith&#8217; swap is in the works, per <a href=\"https:\/\/www.aljazeera.com\/news\/2026\/5\/4\/seized-iranian-ships-crew-repatriated-to-pakistan-says-foreign-ministry\">Al Jazeera<\/a>:<\/p>\n<blockquote>\n<p>The crew members of an Iranian ship that was seized by the United States after it \u201cfailed to comply\u201d with the US blockade on Iranian ports have been transferred to Pakistan for repatriation, Pakistan\u2019s Ministry of Foreign Affairs has said.<\/p>\n<p>\u201cAs a confidence-building measure by the United States of America,<strong> twenty-two crew members held aboard the seized Iranian container ship, \u2018MV Touska\u2019, have been evacuated to Pakistan<\/strong>,\u201d the ministry said in a statement on Monday.<\/p>\n<\/blockquote>\n<p>Pakistan&#8217;s foreign ministry is facilitating their return, after a couple weeks ago the US Navy seized it and characterized the capture of the merchant ship part of the spoils of war.<\/p>\n<p>CNN had <a href=\"https:\/\/www.cnn.com\/2026\/04\/20\/middleeast\/iran-cargo-ship-seized-explainer-intl-hnk-ml\">reported<\/a> at the time that &#8220;US Central Command (CENTCOM) says the guided-missile destroyer USS Spruance warned the Touska repeatedly over a six-hour period, during which time the container ship was steaming in the Arabian Sea toward Bandar Abbas, Iran.&#8221; It was among the earliest direct actions by the US Navy after the US declared a blockade on all Iranian ports.<\/p>\n<h2>Iran Warns US It Will Attack<\/h2>\n<p>A fresh escalatory warning and rhetoric out of Iran&#8217;s military on Monday: <strong>US forces will be attacked if they enter the strait<\/strong>, as well as any commercial ship or oil tanker not willingly coordinating their movements with Iran ahead of time. That&#8217;s according to\u00a0Ali Abdollahi, the head of the Iranian military\u2019s unified command, and as cited in <em>Al Jazeera<\/em>:<\/p>\n<blockquote>\n<p><strong>&#8220;We warn that any foreign armed forces, especially the aggressive US army, will be attacked if they intend to approach and enter the Strait of Hormuz,&#8221;<\/strong> the statement said.<\/p>\n<\/blockquote>\n<p>All of this means that what Trump touted as an act of\u00a0&#8220;goodwill&#8221; has the obvious potential to become a<strong> dangerous flashpoint<\/strong>. Some pundits have raised the possibility of a new Gulf of Tonkin incident.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\" xml:lang=\"en\">The IRGC reportedly carried out a missile strike on two ships attempting to cross the Strait of Hormuz at night.<\/p>\n<p>The IRGC Navy reports that the ships turned off their transponders and were operating in the interests of the US Navy. <a href=\"https:\/\/t.co\/64Ez5bFOpR\">pic.twitter.com\/64Ez5bFOpR<\/a><\/p>\n<p>\u2014 Dimitri Lascaris (@dimitrilascaris) <a href=\"https:\/\/twitter.com\/dimitrilascaris\/status\/2051207402431647887?ref_src=twsrc%5Etfw\">May 4, 2026<\/a><\/p><\/blockquote>\n<p>And per BBC, things are already coming to a <a href=\"https:\/\/www.bbc.com\/news\/live\/c1wz2ld4535t\">head<\/a>:<\/p>\n<blockquote>\n<p><em>The Iranian military is claiming it has prevented a US Navy destroyer from entering the Strait of Hormuz.<\/em><\/p>\n<p><em>Iranian state media reports that the public relations arm of the army says: <strong>&#8220;With a firm and swift warning from the Islamic Republic Navy, the entry of American and Zionist enemy destroyers into the Strait of Hormuz was prevented.&#8221;<\/strong><\/em><\/p>\n<\/blockquote>\n<p>But it is hard to precisely confirm any of this, also as the Pentagon is mum and not expected to affirm any of Iran&#8217;s claimed &#8216;successes&#8217; in stopping US naval movement in regional waters. There have also been reports of Iranian vessels firing warning shots on a US ship. And according to Axios Monday morning:<\/p>\n<blockquote>\n<p><em>A U.S. official said the rules of engagement for U.S. forces in the region have been changed and they were <strong>authorized to strike immediate threats against ships <\/strong>that cross the strait, like IRGC fast boats or Iranian missile positions.<\/em><\/p>\n<\/blockquote>\n<h2>Iran&#8217;s &#8216;Control Zone&#8217;<\/h2>\n<p>Iran has &#8220;redefined the control zone&#8221; in Strait of Hormuz, stretching from south of Mount Mobarak in Iran to south of UAE\u2019s Fujairah, and from west of Qeshm Island in Iran to Umm al-Quwain in the UAE, according to Tasnim.<\/p>\n<p>A statement from Iranian State TV gives Iran&#8217;s perspective on Trump&#8217;s new Project Freedom, as it insists the strait is <strong>&#8220;under the control of the armed forces of the Islamic Republic of Iran&#8221;<\/strong>.<\/p>\n<p><a data-image-external-href=\"\" data-image-href=\"\/s3\/files\/inline-images\/stmp.jpg?itok=xkF_OO4_\" data-link-option=\"0\" href=\"https:\/\/cms.zerohedge.com\/s3\/files\/inline-images\/stmp.jpg?itok=xkF_OO4_\"><\/a><\/p>\n<figure role=\"group\" class=\"caption caption-img inline-images image-style-inline-images\"><img loading=\"lazy\" decoding=\"async\" alt=\"\" data-entity-type=\"file\" data-entity-uuid=\"21ba8690-6e3d-4fc7-bdab-d2de598c4ea8\" data-responsive-image-style=\"inline_images\" height=\"625\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/stmp.jpg?itok=xkF_OO4_\" width=\"500\" \/><figcaption><em>via Al Jazeera<\/em><\/figcaption><\/figure>\n<p><\/p>\n<p>Again, all of this directly contradicts Washington&#8217;s stance, and the two sides are once again headed toward escalation amid zero sum contrary positions with apparent willingness to use force. As a reminder, Trump had on Sunday described that &#8220;For the good of Iran, the Middle East, and the United States, we have told these Countries that <strong>we will guide their Ships safely out <\/strong>of these restricted Waterways, so that they can freely and ably get on with their business.&#8221;<\/p>\n<h2>Some More Regional Developments<\/h2>\n<p><em>via Al Jazeera<\/em><\/p>\n<ul>\n<li>Two missiles hit a US navy vessel near Jask in the Strait of Hormuz after it ignored warnings from\u00a0the Revolutionary Guard\u00a0to halt, state media quote the IRGC as saying.<\/li>\n<li>The reported attack comes after US President Donald Trump announced a naval mission, dubbed Project Freedom, to\u00a0guide\u00a0stranded ships out of the\u00a0Strait of Hormuz\u00a0on Monday.<\/li>\n<li>Iran\u2019s Foreign Ministry says it is\u00a0assessing\u00a0a response from Washington to its latest 14-point proposal to end the war. Trump had called Tehran\u2019s proposal \u201cunacceptable\u201d.<\/li>\n<li>Israel continues to bombard Lebanon, wounding five medics, and has\u00a0expanded\u00a0its area of control in Gaza by announcing a so-called \u201cOrange Line\u201d.<\/li>\n<\/ul>\n<\/div>\n<p>      <span class=\"field field--name-uid field--type-entity-reference field--label-hidden\"><a title=\"View user profile.\" href=\"https:\/\/cms.zerohedge.com\/users\/tyler-durden\" lang=\"\" class=\"username\" xml:lang=\"\">Tyler Durden<\/a><\/span><br \/>\n<span class=\"field field--name-created field--type-created field--label-hidden\">Mon, 05\/04\/2026 &#8211; 12:05<\/span><img decoding=\"async\" src=\"https:\/\/assets.zerohedge.com\/s3fs-public\/styles\/inline_image_mobile\/public\/inline-images\/2026-05-04_08-24-48.jpg?itok=EWcXh9AT\" title=\"Stocks Dump, Oil &amp; Bond Yields Jump After Iran Missile\/Drone Strikes On Dubai &amp; UAE Oil Infrastructure\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Stocks Dump, Oil &amp; Bond Yields Jump After Iran Missile\/Drone Strikes On Dubai &amp; UAE Oil Infrastructure Summary Following a report from the UAE\u00a0National Emergency Crisis and Disaster that the country&#8217;s &#8220;air defenses are now dealing with a missile threat&#8221;, we have gotten reports of explosions in Dubai, which has sent oil higher and Emini&hellip; <a class=\"more-link\" href=\"https:\/\/buglecall.org\/?p=596056\">Continue reading <span class=\"screen-reader-text\">Stocks Dump, Oil &amp; Bond Yields Jump After Iran Missile\/Drone Strikes On Dubai &amp; UAE Oil Infrastructure<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":596034,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[20,23],"tags":[],"class_list":["post-596056","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economic-empowerment","category-national-security","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/596056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=596056"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/596056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/596034"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=596056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=596056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=596056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}