U.S. and Iran trade fire in Strait of Hormuz; each claims other shot first
🔴 Tension RisingCNBC2026-05-07
The U.S. and Iran exchanged fire in the Strait of Hormuz, with each side claiming the other initiated the attack. This further jeopardizes the fragile ceasefire agreement, and President Trump reiterated the possibility of future attacks if a nuclear deal isn't reached. The exchange occurred as Iran reviewed a U.S. proposal to end the conflict and resume nuclear talks.