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<p>Iran launched a Hormuz attack against three US Navy destroyers on May 7, with all missiles and drones reportedly intercepted.</p>
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 <div class="cn-block-summary__nav tabs"><span>Summary</span>
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   <li>Three US Navy destroyers came under Iranian missile and drone fire in the Strait of Hormuz on May 7, triggering US retaliatory strikes on Iranian military facilities.</li>
   <li>Trump said all projectiles were shot down and the attackers killed, warning Iran of a much harsher response if no deal is reached.</li>
   <li>Iran was reviewing a US peace proposal mediated by Pakistan, with Secretary Rubio expecting a response by May 8.</li>
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<p>The US military said it intercepted Iranian attacks on three Navy ships in the Strait of Hormuz on May 7 and struck Iranian military facilities in response, describing the action as self-defense. The Hormuz attack marks the most significant exchange of fire since the fragile US-Iran ceasefire took effect in early April.</p>
<p>US Central Command said the destroyers were crossing the strait when they came under fire from Iranian missiles and drones. Trump <a href="https://abcnews.com/International/live-updates/iran-live-updates-ukmto-reports-attacks-2-ships/?id=132626582" rel="noopener noreferrer nofollow">told</a> reporters after the incident: “They trifled with us today. We blew them away.”</p>
<h2 class="wp-block-heading" id="what-the-us-military-said-happened">What the US military said happened</h2>
<p>Iranian cruise missiles aimed at the US destroyers and merchant ships were intercepted, while US helicopters sank six small Iranian attack boats. Admiral Bradley Cooper, head of US Central Command, confirmed the details in a call with reporters.</p>
<p>Trump posted afterward that every missile and drone had been shot down and the attackers were “no longer with us,” adding that Iran would face a far harder response if it did not sign a deal.</p>
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<p>Secretary of State Marco Rubio said the administration expected an Iranian response on its peace proposal by May 8, while noting that “only stupid countries” would not respond to fire when attacked as the US had been.</p>
<h3 class="wp-block-heading" id="where-ceasefire-talks-stand">Where ceasefire talks stand</h3>
<p>The US-Iran ceasefire has largely <a href="https://crypto.news/trump-secures-two-week-ceasefire-with-iran-bitcoin-reclaims-70k/" rel="noopener noreferrer nofollow">held</a> since April 8. Previous in-person talks in Pakistan failed to produce an agreement to end the war, which began on February 28 when the US and Israel launched strikes on Iranian nuclear sites.</p>
<p>Pakistan’s prime minister said his government remained in continuous contact with both Tehran and Washington to stop the war and extend the ceasefire. Iranian Foreign Ministry spokesperson Esmail Baghaei confirmed Iran was reviewing the latest US proposal but had not yet responded.</p>
<p>Around 20% of the world’s oil supply normally moves through the Strait of Hormuz, making it a key macro driver for both energy prices and crypto markets.</p>
<p>As crypto.news <a href="https://crypto.news/crypto-market-outlook-as-iran-blames-u-s-naval-blockade-for-stalled-peace-talks/" rel="noopener noreferrer nofollow">tracked</a>, Bitcoin has pulled back repeatedly as oil prices climbed toward $100 amid continuing Hormuz tensions, with each new escalation compressing Federal Reserve flexibility and weighing on risk assets globally.</p>
<p>Read more: <a href="https://crypto.news/softbank-cuts-openai-backed-loan-target-to-6b-as-lenders-balk-at-valuation/" rel="noopener noreferrer nofollow"> SoftBank cuts OpenAI-backed loan target to $6B as lenders balk at valuation </a></p>

Iran launches Hormuz attack on US Navy destroyers

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