U.S. says the Iran ceasefire holds despite attacks in Strait of Hormuz and against UAE

Despite attacks in the Strait of Hormuz and against the UAE, the U.S. stated that the ceasefire remains in effect. However, Iran claimed the U.S. effort to reopen the waterway violates the ceasefire and is holding back on a response. The instability in maritime transit is causing oil prices to surge and raising concerns for the global economy.