Source: The American Prospect
by David Dayen
“For a war that was formally ‘ended’ by the president, there is still sure a lot of shooting going on. Specifically, the United Arab Emirates claimed that it intercepted Iranian missile and drone attacks on Monday, though at least one strike hit the Fujairah oil hub, which had been flowing through a pipeline to the southeast of the Strait of Hormuz. The U.S. military says it’s aiding stranded tankers through the strait, though satellite imagery doesn’t show those movements. A South Korean vessel in the strait does appear to have been struck, and other reports indicate that two U.S.-flagged merchant ships made it out. I don’t think a lot of shipowners will risk the journey given the events in the region. Only an actual resolution to the crisis will alleviate the stress on the global economy, and that’s not coming anytime soon, for reasons we here at Aftermath have expressed.” (05/05/26)
https://prospect.org/2026/05/05/aftermath-spirit-airlines-first-corporate-casualty-of-iran-war/