UAE says one of its ships was targeted by missile as U.S.-Iran tensions over Strait of Hormuz remain high

The UAE says one of its ships was targeted by a missile, as tensions between the U.S. and Iran over the Strait of Hormuz remain high. CNBC reports that Iran's military insists the vital waterway will only reopen once the U.S. accepts Iran's conditions. The Strait of Hormuz is a key passage for global oil shipments, so disruptions there tend to ripple through energy markets.

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