World Bank making 923 million in financing available for Ukraine: Malpass

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."

Saudi Arabia intercepted multiple drones targeting the "Shaybah oil field" as regional tensions soar. Amid the conflict, Russia and Saudi Arabia "emphasised the need" for international efforts to prevent escalation. Meanwhile, the US warned Russia not to intervene, despite Trump and Putin discussing "opportunity for some peace" in Ukraine.

He said that Iran was paying a big price for inflicting 47 years' worth of damage to the world.

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."

Russian Foreign Minister Sergey Lavrov held a telephonic conversation with Foreign Minister of Saudi Arabia Faisal bin Farhan on the need to make efforts to prevent further escalation of the Middle East crisis.