The United States confirmed that a ceasefire remains in effect after a series of clashes in the Strait of Hormuz and missile strikes targeting the United Arab Emirates.

During the exchange, a U.S. vessel and several Iranian ships exchanged fire near the critical chokepoint, but the U.S. government emphasized that the existing ceasefire still holds, avoiding escalation into open conflict.

Market participants noted that the incident could destabilise oil flows, yet the U.S. stance reassures investors that supply disruptions are unlikely. The situation underscores the fragile balance of power in the Persian Gulf and the importance of diplomatic restraint to protect global energy markets.