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Trump’s decision to assassinate Iran’s supreme leader, Ayatollah Ali Khamenei, while Iran was in active negotiations with the president’s envoy Steve Witkoff and son-in-law Jared Kushner has reinforced a growing sense among hard-liners in Moscow that diplomacy is fragile — perhaps even pointless
“In fact, the entire logic behind the West’s crisis resolution as observed from the Kremlin — from Belgrade in 1999 to Tehran in 2026 — convinces Moscow that those who strike last are trampled first,” Pastukhov said.
The Pentagon burned through $5.6 billion worth of munitions during the first two days of its military assault on Iran, according to three U.S. officials, a figure that underscores the deepening alarm among some on Capitol Hill over the speed at which U.S. forces have eaten into the scarce supply of America’s most advanced weaponry.
An Iranian drone attack in Kuwait that killed six U.S. service members in the early hours of the war with Iran was more severe than has previously been revealed, with dozens suffering injuries including brain trauma, shrapnel wounds and burns, multiple sources told CBS News. At least one may require the amputation of a limb.
Trump says oil prices are a 'matter of war'published at 19:02
19:02
President Donald Trump just spoke to media while touring a business in the city of Cincinatti.
He again describes the conflict in Iran as an "excursion" and says that it is ahead of schedule.
Trump says the financial markets should be "back on track" in a short while.
He calls increase in oil prices a "matter of war".
When a journalist asks if it is a war or an excursion, Trump says "well it's both".
"It's an excursion that will keep us out of a war... for them it's a war, for us it's turned out to be easier than we thought."
He goes on to say the US has "hit 28 mine ships as of this moment", referencing reports of Iranian vessels trying to plant mines in the Strait of Hormuz.
18:44
Iran-backed terror groups have targeted hotels frequented by Americans in Iraq, the US Embassy in Baghdad says.
The embassy is urging US citizens "remain vigilant" and prepare for more attacks - especially on US-owned oil and energy infrastructure in the country.
"Iran and Iran-aligned terrorist militia groups continue to pose a significant threat to public safety. US citizens are urged to remain vigilant, maintain a low profile, and stay away from areas that could make them a target," the Embassy notice said. "Congregating in areas associated with the United States or with groups of other US citizens could put you at risk."
The notice added that departing Iraq may be the safest option for Americans.
Vladimir Putin’s shadow tankers are racing to India after Donald Trump temporarily waived US sanctions on Russian oil.
Ships carrying Russian crude are making U-turns in the ocean so that the Kremlin can cash in on the soaring oil prices triggered by the war in Iran.
At least four vessels have made mid-voyage diversions and rerouted to India, according to data from Lloyd’s List Intelligence and Vortexa.
Three were originally sailing to China while the fourth was en route to Singapore.
The diversions come after the US last week issued a 30-day waiver allowing India to bypass sanctions and purchase Russian oil that is already at sea, a move that Treasury secretary Scott Bessent said was a “stop gap” measure to alleviate pressure on energy markets.
Russia still had a market for its oil despite Western sanctions but it traded at a heavy discount of as much as $24 a barrel, given the added cost and risk associated with purchasing sanctioned oil.
The waiver allows Russia to suddenly sell its oil on the open market in India, enabling it to profit from the recent jump in prices.
Oil prices have soared by 26pc to more than $92 per barrel since the war in Iran began, sending petrol prices rocketing and bringing fears of a new inflation wave.
Mr Trump is softening sanctions as he scrambles to find ways to alleviate pressure in energy markets.
On Monday, he also sent a major signal to Russia’s oil buyers that the US could reduce sanctions enforcement.
He told reporters: “We’re also waiving certain oil related sanctions to reduce prices. So we have sanctions on some countries. We’re going to take those sanctions off till this straightens out.”
Vortexa data shows there are around 60m barrels of Russian crude oil on water - meaning it has been loaded onto tankers but has not yet been sold.
Freight rates on Russian origin tankers have also surged in recent days, reflecting much higher demand.
7:04PM
US insurance giant picked as insurer for ships in the Strait of Hormuz
US insurance giant Chubb has been picked to lead Donald Trump’s new scheme covering ships travelling through the Strait of Hormuz.
The New York-listed insurer will be the lead underwriter for the $20bn reinsurance scheme being launched by the US International Development Finance Corporation (DFC) in an effort to restart traffic through the crucial maritime passage, which transports around a fifth of the world’s oil and gas.
Ben Black, DFC’s chief executive, said: “With today’s announcement, we are one step closer to restoring market confidence and resuming energy and commercial trade disrupted by the conflict with Iran.”
Evan Greenberg, chairman and chief executive of Chubb, said: “Chubb is proud to lead and manage this program in partnership with the United States Government and the U.S. International Development Finance Corporation. The commerce passing through the Strait of Hormuz plays a vital role in the global economy, and providing vessels with insurance protection is essential for resuming trade flows.”
Chubb has previously had links with Mr Trump. A subsidiary provided Trump with a $91.6m (£68m) bond, which let him appeal a ruling by a New York court that he had defamed writer E. Jean Carroll by branding her a liar.
Ms Carroll had accused Trump of sexually assaulting her in a department store in the mid-1990s in her 2019 book ‘What Do We Need Men For? A Modest Proposal’. This is a claim which Trump denies
Chubb’s bond let him appeal the case without paying $83.3m in damages to the writer.
Mr Greenberg later said the insurer’s decision to provide the bond had “nothing to do with the underlying merits” of the case.
What's wrong with the water the other side of Saudi Arabia?
Wiki says that the B-1 can drop GBU-72s, the advanced 5k weapon.Are the B-52, B-1, and B-2 integrated with 5,000lbs munitions?
Sounds like more pipelines to the Red Sea and port expansion is the solution here.A very good summary, with informative graphics (really, read this):
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How the Strait of Hormuz closure affects global oil supply
The conflict in Iran has wide-reaching effects on the world economy.www.reuters.com
A ridiculously abridged version:
Hormuz and Malacca the most important straits for oil and LNG by far. The Saudi East-West pipeline can supply Yanbu on the Red Sea but the capacity of the port is at least strained if not insufficient though. ADCOP line also a bypass but both ends close to Iran. Strikes have also affected production and refineries, some tanker tonnage is also obviously trapped at the moment. LNG seems especially geographically vulnerable.
Are the B-52, B-1, and B-2 integrated with 5,000lbs munitions?
The B-1s are planned to carry the 5000-lb GBU-72 externally on the new Load Adaptable Modular or LAM pylons.Wiki says that the B-1 can drop GBU-72s, the advanced 5k weapon.