WS #6511

The Iran-UAE conflict has escalated dramatically in the last 30 minutes, with multiple sources confirming Iranian drone and missile attacks on UAE oil infrastructure, including a fire at the Fujairah oil port. The US Navy has sunk six Iranian boats and is escorting ships through the Strait of Hormuz under 'Project Freedom'. Brent crude surged over 5% to $113.91, while US stocks dropped sharply with the Dow falling 565 points and $200 billion wiped from markets. The Iran ceasefire is effectively dead, with Trump threatening to 'blow Iran off the face of the earth'. This represents a major escalation from the previous stable situation. Cross-source corroboration is strong: Reuters, Al Jazeera, GDELT, and multiple social media sources all report the same events. The market impact is immediate and severe: oil spike, equity selloff, and heightened geopolitical risk. No counter-signals or de-escalation measures have been detected.