Eltaf Najafizada and Omar Tamo, Bloomberg on 05/05/2026

US says Iran ceasefire still in place after clashes over Hormuz

Violence erupted on Monday after US President Donald Trump announced 'Project Freedom,' which he described as a humanitarian effort to guide neutral ships stranded in the Gulf through Hormuz.

E Eltaf Najafizada and Omar Tamo, Bloomberg
Weilun Soon, Bloomberg on 05/05/2026

Ships cluster further from Hormuz Strait as Iran widens grip

Dubai falls just outside the new Hormuz control area defined by Tehran, which extends south from the strait to Umm al-Quwain, along the United Arab Emirates coast and inside the gulf.

W Weilun Soon, Bloomberg
Yuliya Fedorinova and Nariman Gizitdinov, Bloomberg on 05/05/2026

Glencore zinc plant in Kazakhstan suffers deadly blast, fire

A dust-collection unit at the Kazzinc facility exploded, triggering a blaze and causing one building to partially collapse, the Emergency Situations Ministry said in a statement on Tuesday.

Y Yuliya Fedorinova and Nariman Gizitdinov, Bloomberg