Daily brief
President Donald Trump has threatened further strikes on Iran's Kharg Island, a major oil export hub, stating he might do it 'just for fun'. The threat has heightened fears of significant disruption to global oil supplies, contributing to market volatility and uncertainty.
An Iranian envoy stated that Iran has allowed some ships passage through the Strait of Hormuz (ongoing coverage).
The International Energy Agency announced that emergency oil stockpiles will soon be released to markets impacted by the Iran conflict.
The White House stated the cost of the US war on Iran has reached $12 billion.
Iran announced a 60% minimum wage increase for its citizens, according to local media.