A new exchange of fire with Iran in the Gulf tests the fragile ceasefire

Tensions in the Middle East have escalated following a new exchange of fire between Iran and U.S. forces near the Strait of Hormuz. The U.S. intercepted Iranian missiles and drones, while considering economic sanctions that would allow Gulf allies to access frozen Iranian assets.
Why it matters
This conflict threatens global economic stability and risks exacerbating a potential hunger crisis in vulnerable regions.
A new exchange of fire with Iran in the Gulf tests the fragile ceasefire
The article reports on military actions from both sides using wire-service style objective language.
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