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Markets on edge as fresh U.S.-Iran attacks dent optimism over a peace deal

By CNBC May 05, 2026 Neutral
Markets on edge as fresh U.S.-Iran attacks dent optimism over a peace deal
Hostilities between the U.S. and Iran have ramped up in the last 48 hours. The U.S.' bid to re-open the Strait of Hormuz, dubbed "Project Freedom," was nicknamed "Project Deadlock" by Iran.
Hostilities between the U.S. and Iran have ramped up in the last 48 hours. The U.S.' bid to re-open the Strait of Hormuz, dubbed "Project Freedom," was nicknamed "Project Deadlock" by Iran.