US-Iran War Live Updates: Trump Threatens To 'Blow Off' Iran Over Attack On US Ships

Oil prices surge following renewed tensions between US and Iran over the Strait of Hormuz. Brent crude rose nearly 6% trading at around $114 a barrel.

South Korean foreign ministry said that the reason for fire on its vessel in the Strait of Hormuz will be known after the ship is brought to the port.

“The exact cause of the accident would be figured out after the vessel is towed and its damage is assessed,” the Reuters news agency quoted the ministry as saying.

US Central Command (CENTCOM) in a post on X said, "U.S. Air Force F-16 fighter aircraft are among more than 100 land and sea-based aircraft supporting Project Freedom. During the defensive operation, these advanced warfighting platforms are helping to protect U.S. forces and defend commercial shipping."

Iran's Foreign Minister Seyed Abbas Araghchi warned both the US and the UAE against being dragged into deeper conflict by what he called "ill-wishers."

In a post on X, Araghchi said, "Events in Hormuz make clear that there's no military solution to a political crisis."

He added, "As talks are making progress with Pakistan's gracious effort, the U.S. should be wary of being dragged back into quagmire by ill-wishers. So should the UAE."

Events in Hormuz make clear that there's no military solution to a political crisis.

As talks are making progress with Pakistan's gracious effort, the U.S. should be wary of being dragged back into quagmire by ill-wishers. So should the UAE.

Project Freedom is Project Deadlock.

— Seyed Abbas Araghchi (@araghchi) May 4, 2026

US has killed five civilians following the alleged attack on six Iranian small boat in the Strait of Hormuz, Al Jazeera reported citing state media

A military official told Tasnim News agency that an investigation was carried out by Iranian authorities, who found that US military had “attacked and fired upon two small cargo boats carrying civilians that were moving from Khasab on the coast of Oman towards the Iranian coast”.