Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Spotify . Getty Images There's turmoil in the Gulf again amid clashes in the Strait of Hormuz. Following the announcement of Project Freedom by the U.S. to reopen trade flows, Iran vowed there will be "no military solution" to restore shipping through the critical waterway, calling the new operation "Project Deadlock." Accounts have since differed on what has since transpired in the Strait, but the Islamic Republic later bombarded American regional ally UAE with ballistic missiles and drones over the apparent presence of U.S. naval escorts. Snapshot: The strikes hit the UAE's key Fujairah Oil Industry Zone , which acts as a strategic bypass to Hormuz via the Abu Dhabi Crude Oil Pipeline. The messaging here was that even if the U.S. Navy secures the strait, Iran can still paralyze the region's oil economy by striking external pipelines and hubs.…