WS #6501

The Iran-UAE conflict has escalated sharply, with multiple sources reporting Iranian drone and missile strikes on the Fujairah oil port in the UAE, causing a fire and injuries. This marks a significant breakdown of the shaky ceasefire and directly threatens oil infrastructure, pushing crude prices higher. The US has launched 'Project Freedom' to escort ships through the Strait of Hormuz, while Iran's IRGC claims to have closed the strait and warned vessels. Cross-source corroboration from Al Jazeera, Axios, WSJ, and multiple social media accounts confirms the attacks. The situation is escalating rapidly, with potential for a broader regional conflict. Separately, the US Supreme Court temporarily restored access to the abortion pill mifepristone, a development with political but limited direct market impact. Other items such as Apple's CEO transition, GameStop's eBay bid, and SEC delays on prediction market ETFs are noted but lack new data in this window.