Trump: Iran has taken some shots at unrelated nations with respect to the ship movement; Other than the South Korean ship, there has been no damage

Senior U.S. official denies a U.S. ship was hit by Iranian missiles Senior US official denies a US ship was hit by Iranian missiles - Axios Global Affairs Correspondent for Axios, Barack Ravid, said on X that a senior US official denied Iranian missiles hit a US warship. This has triggered a quick reversal in earlier moves after Fars News Agency reported that two missiles struck a US warship near Jask Island after it allegedly ignored repeated warnings to exit Iranian territorial waters. We are likely to get more of such conflicting reports in the next days as tensions in the Strait of Hormuz remain high. This should keep oil prices elevated and risk sentiment a bit more in check as things could escalate very quickly. For now, US stocks are ignoring these risks on expectations that eventually the Strait of Hormuz will be reopened, but the longer this stalemate drags on, the higher the risk that the Fed would need to adopt a tightening bias.

UAE Defence Ministry intercepted three missiles from Iran. UAE detects four missiles coming from Iran. Fourth missile crashed in sea - defense ministry UAE'S FUJAIRAH SAYS FIRE ERUPTS IN PETROLEUM INDUSTRIAL SITE FOLLOWING DRONE ATTACK FROM IRAN UAE air defenses are currently engaging additional missiles and drones, per the Emirati Ministry of Defense.

SENIOR IRANIAN OFFICIAL: IRAN FIRED A WARNING SHOT AGAINST U.S. WARSHIP TO PREVENT ITS ENTRY INTO STRAIT OF HORMUZ, UNCLEAR WHETHER THERE WAS ANY DAMAGE IMPORTANT: CENTCOM said their warships were not "struck", not that they were not fired upon Also the IRGC is now saying they didn't "hit" a ship, but fired warning shots So both sides don't want war, and are just probing as part of the ongoing negotiations