Daily brief
Oil prices fell sharply and stock markets rose after President Trump made remarks that eased concerns about an immediate military escalation with Iran, reducing perceived geopolitical risk in the Middle East.
The United States imposed sanctions on several Iranian officials, including an aide to Supreme Leader Ali Khamenei, over their alleged roles in the government's crackdown on protests (ongoing coverage).
Iran temporarily closed its airspace for several hours, forcing multiple international airlines to reroute flights before reopening.
The European Union is considering new sanctions against Iran in response to the crackdown on protests.
A U.S. Treasury Secretary accused Iran's leaders of secretly moving money out of the country.