Published on: 04/05/2026 - 01:01 Last updated: 05/05/2026 - 01:14
US Ambassador to the United Nations Mike Walts said that his country and the Gulf states are working on drafting a resolution in the UN Security Council that seeks to denounce Iran for closing the Strait of Hormuz in response to the US-Israeli war. Meanwhile, an Iranian drone attack caused a fire in an oil area in the Emirate of Fujairah in the Emirates, approximately a month after the truce in the Middle East war took effect. Earlier, the US Army announced that a number of its destroyers equipped with guided missiles entered the Gulf, as part of a mission to escort ships through the vital Strait of Hormuz and support the “Freedom Project.”
Araqchi: There is no military solution in Hormuz, and I warn America and the UAE against the “quagmire”
Iranian Foreign Minister Abbas Araqchi said that events in the Strait of Hormuz showed that there is no military solution to the crisis, adding that the talks were making progress mediated by Pakistan.
He warned the United States and the UAE against being dragged into a "quagmire."
Iranian Foreign Minister Araqchi: “The freedom project is a stagnation project”
Statement: EgyptAir resumes its flights normally from Cairo to Dubai, Abu Dhabi and Sharjah after “the regional situation stabilizes”
Saudi Foreign Ministry: The Kingdom stresses the importance of restoring normal navigation in the Strait of Hormuz
The director of the International Monetary Fund warns of “much worse outcomes” if the Iran war continues until 2027
Kristalina Georgieva, Director General of the International Monetary Fund, warned on Monday that inflation has already begun to rise, and that the global economy may face “much worse outcomes” if the war in the Middle East extends to 2027, and oil prices reach about $125 a barrel.
Georgieva said that the continuation of the war means that the IFC's scenario, which assumed a slight slowdown in global growth and a slight rise in prices, is no longer realistic.
She added, at a conference hosted by the Milken Institute, that the IMF’s “opposite scenario” is already in effect. She explained that long-term inflation expectations remain stable, and that financial conditions are not heading towards further tightening, but that may change if the war continues.
Maersk: The US military escorted one of our ships through the Strait of Hormuz
Shipping giant Maersk said on Monday that the US-flagged vehicle transport ship Alliance Fairfax, operated by Maersk's Farrell Lines, left the Gulf through the Strait of Hormuz accompanied by US military forces.
Maersk added that the crossing took place without any incidents, and that all crew members were safe and unharmed.
The Alliance Fairfax was among hundreds of ships stranded in the Gulf, after the US and Israeli war on Iran led to the closure of the Strait of Hormuz since early March.
America and the Gulf states formulate a new draft resolution at the United Nations on the Strait of Hormuz
US Ambassador to the United Nations Mike Walts said on Monday that the United States and the Gulf states are working on drafting a UN Security Council resolution that seeks to denounce Iran for closing the Strait of Hormuz in response to the US-Israeli war.
Walts added that negotiations on the draft resolution will take place this week, and this comes after Russia and China, permanent members of the Security Council, blocked a resolution last month that Washington hoped would stimulate international efforts to restore freedom of navigation in the sea lane.
The resolution is expected to demand that Iran stop attacks on commercial ships and attempts to impose fees on navigation in the strait, and will also demand that Iran stop planting sea mines and reveal their locations.
Walts says that the draft resolution represents a “more specific endeavor” than the previous resolution, which was unsuccessful in an attempt to pass, and comes at a time during which a ceasefire with Iran is in effect. He added: "This decision focuses more on planting mines in international waterways and imposing fees, which will affect all economies of the world, especially those in Asia."
Iran denies that the United States sank six of its boats (state TV)
Trump says that Iranian strikes in the Strait of Hormuz "caused no damage" except to a South Korean ship
Trump: South Korea should join the mission to protect ships near Iran
The Israeli army is on high alert after American forces shot down Iranian missiles (military official)
American forces shot down missiles and drones launched by Iran towards ships (US Admiral)
Oil jumps 5% after Iranian attacks on the UAE and ships in the Strait of Hormuz
Ministry of Foreign Affairs: The UAE confirms that it reserves its full and legitimate right to respond to Iranian attacks
UAE Foreign Ministry: Iranian attacks represent a dangerous escalation and constitute a direct threat to the country’s security
American Admiral: The results of the American military blockade on Iran exceed expectations
US Admiral: We strongly advise Iranian forces to stay completely away from US military assets
American Admiral: We struck 6 small Iranian boats that were trying to obstruct commercial shipping
France 24/ Agencies
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