Published May 4, 2026, 8:07 PM ET · Updated 6 months ago · 1 source

US and Iran Trade Fire, Jolting Four-Week-Old Ceasefire

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US and Iran Trade Fire, Jolting Four-Week-Old Ceasefire

The US and Iran exchanged fire in the Persian Gulf in a flareup of violence on Monday that also drew in the United Arab Emirates, prompting calls for renewed strikes on Iranian targets and casting doubt on the fate of a four-week ceasefire. Bloomberg's Derek Wallbank breaks down the situation. (Source: Bloomberg)