LIVE: Tehran warns 'we have not even begun' after  Hormuz battle

Project Freedom or Project Deadlock? The latest state of play in the Strait of Hormuz

TOPSHOT - A photo illustration taken in Nicosia on May 4, 2026, shows a person in front of a large screen displaying vessel movements in the Strait of Hormuz on a ship-tracking website. Iran's navy fired 'warning shots' at US warships in the Strait of Hormuz on May 4, state media said, after the American military sent cruisers into the Gulf as part of a plan to help trapped commercial vessels leave. Earlier, US President Donald Trump had announced a plan to guide ships from neutral countries out of the Gulf, saying it was a humanitarian effort to help their stranded crews. (Photo by AFP via Getty Images)

The delicate ceasefire between the United States and Iran is on the verge of collapsing as both nations vie for dominance over the strategically crucial Strait of Hormuz.

U.S. military authorities reported the destruction of six Iranian small boats on the previous day, following President Donald Trump’s decision to deploy the navy to escort stranded tankers through the strait. This effort has been dubbed ‘Project Freedom’ by the administration.

This narrow passage is a pivotal route for the global transport of oil, fertilizers, and other essential goods. Its near closure since February 28 due to attacks from the U.S. and Israel on Iran has led to increased prices worldwide.

On Monday, multiple merchant vessels in the Gulf experienced explosions or fires, and Iran launched missiles that set an oil port in the United Arab Emirates—home to a major U.S. military base—ablaze.

The Islamic Revolutionary Guard Corps of Iran has effectively blocked the strait through threats involving mines, drones, missiles, and gunboats. In response, the U.S. has initiated a blockade of Iranian ports.

Iran’s Foreign Minister Abbas Araqchi remarked that Monday’s incidents highlighted the impossibility of a military resolution to the crisis. He noted that peace discussions are underway with Pakistan’s assistance and cautioned the U.S. and the UAE against becoming entangled in a ‘quagmire.’

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