US-Iran War Live Updates | Israeli strikes in southern Lebanon resulted in 13 fatalities as tensions in the ongoing US-Iran conflict continued to escalate across the Middle East. Oil prices surged amidst disruptions in the Strait of Hormuz, and new US intelligence reports indicate that Iran still maintains most of its missile capabilities. The Pentagon has also revised the estimated cost of the conflict to almost $29 billion.
Lebanon reported that 380 individuals have died due to intensified Israeli assaults since the ceasefire on April 17. Hezbollah leader Naim Qassem declared that the group would transform the battlefield into “hell” for Israeli troops.
Classified US intelligence assessments revealed that Iran still possesses significant missile capabilities. Approximately 70% of its mobile launchers and pre-war missile stockpile remain functional, and access has been reinstated to 30 of 33 missile sites along the Strait of Hormuz.
Australia announced its participation in a French- and British-led “strictly defensive” mission aimed at ensuring the security of shipping through the Strait of Hormuz. Additionally, Canberra will deploy a surveillance aircraft to bolster protection for the United Arab Emirates against potential Iranian drone strikes.
Oil prices saw an increase as US-Iran discussions remained stagnant and tanker traffic through the Strait of Hormuz continued to be affected. Brent crude rose by 3.4% to $107.77 per barrel, while West Texas Intermediate jumped 4.2% to $102.18.
Iran dismissed Kuwait’s allegation that four Iranian officers attempted to infiltrate Bubiyan Island, labeling the claim as “completely unfounded.” Tehran explained that the officers entered Kuwaiti waters due to disruptions in navigation systems.
US President Donald Trump stated he would engage with Chinese President Xi Jinping regarding Iran, while asserting that the US had Iran “very much under control.”
US inflation increased to 3.8% in April from 3.3% in March, marking a three-year peak amid the economic repercussions of the conflict. The Pentagon reported that the cost of the war has escalated to nearly $29 billion.
Iranian negotiator Mohammad Bagher Ghalibaf warned that Washington must accept Tehran’s “14-point proposal” or risk experiencing “successive failures.”
Follow CNBC-TV18’s live coverage for the most recent updates on the US-Iran-Israel conflict, Gulf tensions, oil market impacts, and diplomatic talks.
