US-Iran War Live Updates: The threat to oil shipments has expanded from the Strait of Hormuz to the Red Sea, driving Brent prices above $95 per barrel as Iran cautioned that nations backing US assaults could become targets as well. Stay tuned for the latest updates.
According to US Central Command, the latest operation focused on Iranian military installations, aimed at diminishing Tehran’s capability to pose threats to civilian maritime vessels and commercial shipping. Iranian Foreign Minister Abbas Araghchi cautioned that Tehran would retaliate similarly, stating: “Our defense doctrine is clear: eye for an eye.”
The escalating tension pushed Brent crude oil prices up by 1.4%, exceeding $95 per barrel, while West Texas Intermediate hovered around $88.
In Washington, the House narrowly passed a Republican-supported $95 billion budget proposal to fund the war and other White House initiatives, with a vote of 216 to 214. The proposal is viewed with skepticism in the Senate.
Meanwhile, US intelligence analysts are looking into whether Russia supplied targeting information or advanced drone technology that was utilized in Iranian assaults on CIA facilities in the Gulf, according to a Reuters report, citing four individuals familiar with the situation.
Stay updated on the situation in West Asia.
