Missiles Target U.A.E., Ships Attacked as Fighting Threatens Iran Cease-Fire

WSJ What’s News

The Wall Street Journal

News, Daily News

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🗓️ 4 May 2026

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for May 4. Fighting in the Middle East flared up for the first time in weeks. Senior video and national security correspondent Shelby Holliday discusses what it could mean for the fragile cease-fire in the Iran war. Plus, WSJ’s Liz Young reports on how Amazon is betting on its global supply chain as its next big growth engine. And Journal markets reporter Jack Pitcher explains why there’s a growing appetite for actively managed ETFs–and why that’s benefiting asset managers. Sabrina Siddiqui hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Your team spend more time searching for information than using it.
0:04.2	Amazon Quick changes that.
0:06.1	One intelligent assistant that connects all your company's data and turns answers into action instantly.
0:12.5	AWS.com slash quick.
0:18.7	Iran strikes a key oil port and attacks U.S. warships and commercial ships testing a shaky Middle East ceasefire.
0:26.8	Plus, Amazon is making its shipping and logistics network available for hire.
0:32.1	Amazon has built the supply chain for itself as a major online retailer.
0:37.1	And now this move will in earnest put it up against some of the largest third-party logistics companies in the world.
0:44.3	And demand is rising for actively managed ETFs, and so are the fees for BlackRock and other asset managers.
0:52.3	It's Monday, May 4th. I'm Sabrina Siddiqui for the
0:55.8	Wall Street Journal filling in for Alex Oslo. This is the PM edition of What's News, the top
1:01.7	headlines and business stories that move the world today. We start our show today with the Middle East. Fighting in the Iran conflict has flared up again after weeks of relative calm, and that's straining a ceasefire that was already fragile. The United Arab Emirates reported missile and drone attacks on its key oil hub, while U.S. military forces intervened to protect
1:28.4	commercial shipping in the region. During a call with reporters today, U.S. Central Command Admiral
1:34.0	Brad Cooper said Iran has attacked several ships.
1:37.5	We know for certain we've been able to defeat an attack, but I don't want the Iranians knowing
1:42.0	what they were able to do, what that looked like.
1:45.5	Shelby Holiday, a Wall Street Journal's senior video and national security correspondent, has the latest.
1:50.6	Shelby, how significant is this flare-up? Are we effectively watching the ceasefire unravel?
1:56.0	It's very significant, and what happened was the U.S. launched a freedom of navigation effort
2:00.3	that President Trump calls Project Freedom, where the U.S. launched a freedom of navigation effort that President
2:00.8	Trump calls Project Freedom, where the U.S. is helping commercial ships exit the Persian Gulf.
2:06.6	It is meant to be a defensive operation and the goal is to get all of these ships that have been
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