In one of the most serious violations of the ceasefire, Iran launched missiles at Kuwait and Bahrain and the United States conducted fresh attacks on Qeshm Island, calling it "self-defense strikes."
A series of exchange of fire Tuesday night was apparently triggered by the US military using a Hellfire missile to hit an unladen oil tanker sailing toward an Iranian port on Kharg Island on the Arabian Gulf.
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Political News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.