US fighter jet disables Iranian tanker attempting to break Strait of Hormuz blockade as Trump issues one-week peace ultimatum

May 7, 2026

A US F/A-18 Super Hornet disabled the Iranian oil tanker M/T Hasna after it attempted to breach a US naval blockade at the Strait of Hormuz, prompting President Trump to issue a one-week ultimatum for Iran to accept a peace deal. The incident followed Iran's launch of 111 missiles at a US carrier, all of which were intercepted, and Iran's consecutive drone and missile attacks on the United Arab Emirates. Trump's proposed 14-point agreement would lift US sanctions and release frozen funds in exchange for Iran accepting a nuclear enrichment moratorium of at least 12 years, with snap inspections and restrictions on underground facilities. Iran initially sought only a five-year pause while the US demanded 20 years, and both sides agreed to reopen the Strait of Hormuz over 30 days. Trump threatened renewed bombing at higher levels if Iran rejects the deal, while the US and Israel prepare contingency strike plans targeting Iranian officials and power plants, causing oil prices to drop $12 to $97.48 per barrel on hopes of resolution.

US military action against Iranian vessels and missile interception

▪The Iranian missiles traveled at approximately 3,500 miles per hour
▪The US intercepted 111 Iranian missiles targeting a US carrier
▪All 111 Iranian missiles fired at the US carrier were shot down and did not reach the ship

One-week ultimatum and proposed peace agreement terms

▪Iran would be forced to give up its nuclear programme for at least 12 years under the proposed deal
▪The proposed US-Iran agreement is contained in a one-page memo with 14 points
▪Donald Trump issued Iranian negotiators a one-week ultimatum to agree to a peace deal
▪Iran initially proposed a five-year nuclear moratorium while the US sought a 20-year pause
▪Donald Trump threatened to unleash a new wave of bombing at a higher level if Iran does not agree to peace

Strait of Hormuz blockade and impact on global oil markets

▪Donald Trump paused Project Freedom, the movement of ships through the Strait of Hormuz, to allow time for finalizing an agreement with Iran
▪Iran's restrictions on the Strait of Hormuz would be lifted over 30 days according to the proposed memo
▪Global oil benchmark prices fell to $97.48 per barrel, a drop of $12, amid hopes the Strait of Hormuz could reopen