US-Iran War News Live: US Launches ‘Self-Defence’ Strikes on Iranian Drone Sites as 28 Ships Cross Strait of Hormuz

The United States has launched strikes on Iranian drone and radar facilities following the downing of a US MQ-1 drone. The incident has intensified tensions, threatened a fragile ceasefire, raised concerns over Strait of Hormuz security and increased uncertainty across global energy markets.

By: Amreen Ahmad
Last Updated: June 1, 2026 14:48:10 IST

US-Iran-Israel War Latest News: The United States and Iran have been pushed one step closer to engaging in conflict following the attacks by the former on certain sites related to Iranian radars and drones that Tehran had claimed were responsible for shooting down an American drone flying in international waters. It is reported that Washington has carried out what it called a “calculated” strike that was aimed at taking out these Iranian assets.

US-Iran-Israel War Latest Updates: A Dangerous Escalation in the Gulf

The US military said the attacks were conducted in the vicinity of Geruk as well as on Qeshm Island, where the structures used for Iranian drones were located. The United States termed the offensive a self-defense measure to ward off future attacks on American property.

This is happening against the backdrop of tensions surrounding the Strait of Hormuz. About 20% of the global traded oil and liquefied natural gas usually traverse through the strait and any interruption will definitely have a worldwide impact.

Strait of Hormuz Sees 28 Ship Vessel Movements Amid Heightened Gulf Tensions

Iran’s Islamic Revolutionary Guard Corps (IRGC) said 28 vessels, including oil tankers and container ships, crossed the Strait of Hormuz in the last 24 hours under its naval coordination. The strategic waterway normally handles nearly 20% of global oil trade while the announcement comes amid heightened US-Iran tensions and continued concerns over maritime security in the Gulf. 

Iran’s Strategic Response

The measures taken by Iran have been justified and the nation insists on maintaining tight surveillance over all movements in the Strait of Hormuz. The IRGC asserts that 28 shipping tankers, oil tankers and container vessels moved across the strait under the supervision of the IRGC within 24 hours.

Tehran’s position shows a focus on military concerns rather than on diplomacy. Iran’s foreign ministry spokesman Esmaiel Baqaei said, “Currently, there is not any negotiation between Iran and the United States on the nuclear program.”

“We know when it is necessary to act on nuclear matters. No negotiations have taken place on the details of the nuclear file. At this stage, our priority is ending the war,” foreign ministry spokesman Esmaeil Baqaei said in a weekly press briefing. 

Economic Shockwaves Beyond the Battlefield

These tensions are already having an impact on the financial markets of the world as oil prices and the US dollar have been rising lately, investors are concerned that precious metals may be hurt, including gold, even amid political uncertainty around the world. The market will keep an eye on what US President Donald Trump decides to do about the possible extension of the ceasefire agreement. As per energy experts, the unrest in the Gulf region may lead to a change in global fuel and shipping insurance prices.

ALSO READ: US-Israel-Iran War Latest Live Updates: US Strikes Qeshm & Goruk City as Kuwait Reports Missile & Drone Attacks

Gold Under Pressure as Markets Watch Iran Ceasefire Decision

Gold prices edged lower on Monday as a stronger US dollar and rising crude oil prices reduced demand for the safe-haven metal. Spot gold slipped 0.2% to $4,527.36 per ounce, while US gold futures fell 0.8% to $4,558.10. At the same time, Brent crude climbed nearly 3% toward $94 a barrel amid escalating US-Iran tensions while investors remain focused on President Donald Trump’s upcoming decision regarding a proposed Iran ceasefire extension, with uncertainty over the Strait of Hormuz continuing to influence global commodity markets.

Regional Conflict Continues to Expand

The situation is not confined to tensions between the United States and Iran, since Israeli forces have engaged in more military action to the north of the Litani River, while Hezbollah has launched attacks using drones against Israeli soil. Evidence of fighter jet flights near Tehran and bombings in the city of Bandar Abbas indicate that military activity has continued despite attempts to avoid a wider war in the region.

The interrelatedness of these various conflicts means that any number of incidents may serve to escalate tensions and involve multiple actors, both states and non-state actors and this latest round of US strikes serves to demonstrate once again how rapidly conditions in the region revert to instability despite ceasefire negotiations. As the region sees its critical energy supply routes threatened, nuclear diplomacy at a standstill and regional conflicts escalating, the prospects for resolution grow increasingly slim, unless renewed diplomatic action takes place.

ALSO READ: US-Iran-Israel War Latest Live Update: Iran Says Negotiations With US Remain Difficult Amid ‘Deep Mistrust’ & Shifting Positions; Confirms No Current Talks on ‘Nuclear Issue’

Disclaimer: This article is based on publicly reported developments and does not represent official positions of any government.

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