Egypt's strategic reserves of wheat sufficient for 4.2 months: Minister

The IRGC has enforced a maritime blockade in the Strait of Hormuz, targeting vessels that move "even a few metres" without permission. With 14 tankers reportedly hit, the paralysis of this vital oil route has forced the US and IEA to release millions of barrels from strategic reserves.

The US will release 172 million barrels of oil "beginning next week" to stabilse markets amid war with Iran. President Trump vowed to "finish the job" despite Tehran's threats to "destroy" the economy. While Trump suggests there is "practically nothing left to target," Israel claims it has "a broad bank of targets."

Addressing a gathering in Kentucky, Trump said, "I'm pleased to report that earlier today, the International Energy Agency agreed to coordinate the release of a record 400 million barrels of oil from various national petroleum reserves around the world, which will substantially reduce the oil prices, as we end this threat to America and this threat to the world."

Speaking at a press conference in Tehran, Iranian Foreign Ministry spokesperson Esmaeil Baghaei alleged that Washington's actions are aimed at gaining illegal control over Iran's vast energy reserves, adding that the objective of the United States and Israel is to violate Iran's sovereignty and weaken the country.

Azerbaijan condemned drone attacks launched from Iranian territory targeting the Nakhchivan region, which damaged an airport terminal and injured two civilians. Baku summoned the Iranian ambassador, demanded an explanation and investigation, and warned it reserves the right to take appropriate response measures.