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US Defense Secretary Pete Hegseth has confirmed the Iran war has cost $37.5 billion so far, as he seeks additional funding for the conflict. The figure marks a significant increase from previous estimates, with lawmakers questioning the cost and strategy.
US forces carried out an eleventh consecutive night of strikes on Iran, with air defence activity reported across Tehran. President Trump warned the campaign is "not finished," while Iran and its allies threaten further escalation across the region.
As the US-Iran conflict continues, President Donald Trump is reportedly weighing multiple military options, including an expanded bombing campaign and increased troop deployments. Israeli officials warn that an intensified US campaign could prompt Tehran to retaliate directly against Israel, while the IDF maintains high readiness and close coordination with US forces.
US President Donald Trump has threatened to attack Pickaxe Mountain, a fortified underground facility near Iran's Natanz nuclear complex. The site, buried deep under a mountain, is assessed by experts to be beyond the reach of the most powerful US bunker-buster bombs. Construction began in 2020 following sabotage at Natanz, and Iran denies any nuclear activity there.
Yemen's Houthi rebels have declared a naval blockade on Saudi Arabia, threatening global energy supplies and trade routes through the Red Sea. The move escalates the US-Iran war and tests Saudi Arabia's strategic patience, with UN officials warning of further regional confrontation.
Pakistan's stock market opened sharply higher on Tuesday, with the KSE-100 index gaining nearly 1,200 points intraday, before giving up most gains to close marginally up. The volatility came as global oil prices eased amid US-Iran mediation efforts, but later rose on fresh Gulf hostilities.
ASEAN foreign ministers gathered in Manila to address regional security issues, overshadowed by renewed fighting between the US and Iran. The conflict has disrupted energy supplies through the Strait of Hormuz, prompting the Philippines to declare a national energy emergency. The bloc called for a ceasefire and discussed Myanmar, South China Sea tensions, and energy security.
The US and Iran have exchanged a new round of strikes, with Washington targeting Iranian military capabilities and Tehran hitting US assets in the Gulf. Iranian President Masoud Pezeshkian described the situation as a 'full-scale war,' while diplomatic messages reportedly continue through mediators.
Iran has condemned US strikes on civilian infrastructure, including a children's cancer hospital, while Foreign Minister Abbas Araghchi vowed Tehran 'fears no one.' The US has launched strikes for a 13th consecutive night, and Iranian leaders warn of retaliation targeting Gulf nations.
Yemen's Houthi rebels have declared a naval blockade against Saudi Arabia, prompting several oil tankers to change course. The move threatens key Red Sea shipping lanes and global oil supplies, with multiple sources reporting on the immediate impact.
Iranian Interior Minister Eskandar Momeni has arrived in Islamabad for an official visit, holding meetings with Prime Minister Shehbaz Sharif, Chief of Defence Forces Field Marshal Syed Asim Munir, and Interior Minister Mohsin Naqvi. The discussions focus on bilateral cooperation, regional security, and the ongoing US-Iran conflict, with Pakistan continuing its mediation efforts.
Oil prices jumped above $90 per barrel on Monday and extended gains midweek as the US and Iran exchanged airstrikes and attacks on commercial vessels around the Strait of Hormuz, raising fresh concerns about supply security from the critical waterway.
The United States began a new round of airstrikes targeting Iran early Monday after announcing the death of another American service member, while Iran fired missiles toward Jordan, risking a wider conflict. In a related escalation, Washington launched its eighth consecutive wave of strikes in Iran over the weekend, with two US troops killed in Jordan and Kuwait accusing Tehran of targeting civilian infrastructure.
The United States and Iran have exchanged strikes for a ninth consecutive night, with Iran attacking targets in several Gulf countries and US forces striking sites across Iran. Sirens sounded in Kuwait and Bahrain, and both sides reported casualties and damage.
A US service member was killed in northern Iraq during a controlled detonation of ordnance from a downed Iranian drone, bringing the total US military deaths in the Iran war to 17. The announcement came as the US and Iran continued trading strikes, with reports of civilian casualties in Iran and threats of a widening regional conflict.
During President Abdelmadjid Tebboune's first official visit to Berlin, Algeria and Germany agreed to expand cooperation on natural gas, renewables, and a future hydrogen corridor. The visit, marked by 30 bilateral agreements, comes as Algeria's role in European energy security is strengthened by its pipeline gas reaching southern Europe without passing through Gulf shipping lanes.
During a month-long suspension of the US blockade, Iran exported roughly 70 million barrels of oil worth $5-6 billion, according to estimates cited by The Wall Street Journal and advocacy group United Against Nuclear Iran. The exports, which included about 20 tankers that arrived off Malaysia's coast, were destined for China. The temporary agreement, signed June 17, was terminated by the US Treasury on July 7, and the blockade was restored on July 14.
A report by The Wall Street Journal, as covered by the Jerusalem Post, reveals that a veteran CIA operative was sent to Abu Dhabi to assess the UAE's AI company G42, which led to reduced China ties and increased US tech access. The US subsequently granted the UAE license-free access to advanced chips and servers, sparking debate over AI race implications.
The United States has launched fresh strikes on Iran following the deaths of three American soldiers in an Iranian attack on a US military site in Jordan. The strikes targeted Iranian military facilities, as analysts say Iran's military capabilities remain formidable despite sustained bombardment.
Overnight clashes in the Gulf and Strait of Hormuz have escalated the U.S.-Iran conflict, with the U.S. launching strikes on Iranian targets and revoking Tehran's oil sales waiver. Iran has retaliated with strikes on Bahrain and Kuwait, raising fears that the preliminary ceasefire agreement will collapse.