05-04-2026 - From Project Freedom to Full Conflict: Iran’s Missiles, UAE Retaliation & America’s Breaking Economy

The collapse of the U.S.–Iran ceasefire has triggered direct clashes in the Strait of Hormuz, with U.S. forces retaliating against Iranian attacks on shipping and Iran responding with missile strikes while threatening to close the waterway. The conflict is expanding as the UAE vows retaliation after being targeted, and the U.S. weighs further military action. Oil prices are surging, global shipping is disrupted, and economic strain is spreading through higher fuel costs, supply chain issues, and pressure on key sectors, raising the risk of a broader regional war and global instability.