Business

Markets Tense as U.S.-Iran Tensions Escalate

Updated 2026-05-05 10:20 UTC 1 source Negative

Recent attacks on the Strait of Hormuz have raised concerns about a potential peace deal between the US and Iran. The incidents have caused market volatility, with investors remaining cautious amid ongoing tensions.

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CNBC

Markets on edge as fresh U.S.-Iran attacks dent optimism over a peace deal

The U.S.' bid to re-open the Strait of Hormuz, dubbed "Project Freedom," was nicknamed "Project Deadlock" by Iran.

2026-05-05 09:50 UTC