Revision History

Iran launched missile and drone attacks against UAE territory and an ADNOC oil tanker in the Strait of Hormuz on May 4, 2026, threatening to collapse a fragile ceasefire as the U.S. began "Project Freedom" to guide stranded commercial vessels through the waterway. The crisis — rooted in the February 2026 U.S.-Israeli strikes on Iran — has produced 41 maritime security incidents, stranded 20,000 seafarers, cut strait traffic by over 95%, and pushed oil prices above $100 per barrel for the first time in four years.