Live Updates: Iran threatens to attack ships as Trump says U.S. will guide vessels through Strait of Hormuz

Iran is threatening attacks on ships in the Strait of Hormuz, with an attempted attack on a UAE tanker raising tensions. The U.S. is implementing 'Project Freedom' under Trump's guidance to facilitate ship transit, while oil prices are surging and stock markets are declining. Iran's recent peace proposal is likely to be rejected by the U.S.