The US and Iran have engaged in an exchange of fire in the Strait of Hormuz, with the US military carrying out strikes on Iranian military targets on Thursday, May 7, 2026. According to US President Donald Trump, the ceasefire with Iran remains in place despite the incident, with Trump stating that talks are "going very well".

The Iranian blockade in the Strait of Hormuz has resulted in around 1,500 ships and 20,000 crewmen being trapped, according to the UN's International Maritime Organization chief Arsenio Dominguez.

In a related development, Israel conducted airstrikes on Lebanon on Thursday, resulting in at least 12 deaths, including two children and a paramedic, as reported by Lebanon's health ministry.

The US and Iranian governments have differing accounts of the incident in the Strait of Hormuz, with the US military stating that it carried out strikes in response to an attack on three American destroyers, while Tehran accused Washington of striking first. The immediate outlook includes continued diplomatic efforts to maintain the ceasefire, with the US and Iran expected to engage in further talks to resolve the situation.