Iran attacked UAE with missiles and drones. US activated 'Project Freedom' to escort ships in Hormuz Strait. US naval blockade on Iranian ports since April 13 increased tensions. Ceasefire broken after April 8. UAE intercepted three Iranian cruise missiles. Drone strike wounded three Indian nationals. US deployed destroyers to support escort mission. Crude oil prices rose over $110 due to hostilities. Security risks in Hormuz Strait with many ships stranded. Diplomacy deadlocked as Iran rejects US as delirium