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Trump says US profits from oil price surge, as war on Iran drives prices higher US President Donald Trump has said the US stands to gain financially from rising oil prices triggered by the war with Iran, drawing criticism from some lawmakers. Oil prices climbed more than nine percent to around $100 a barrel as the conflict escalated. Reports said two crude tankers caught fire at an Iraqi port after suspected Iranian explosive boats struck them, while dozens of oil-laden ships remained stranded as the Strait of Hormuz stayed shut. Posting on social media, Trump wrote: “The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money.” His remarks prompted backlash from Democrats, who argue the war is already pushing up fuel costs for ordinary Americans. Mark Kelly, a Democratic senator from Arizona, responded on X: “The only ones benefiting from gas prices skyrocketing are the big oil companies,” he wrote. “But it makes sense why Trump is happy about it because he's only ever cared about rich people.”

The miscalculation keeping Trump at war with Iran  The Telegraph

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Farmer says he’s “collateral damage” in Trump’s war in Iran, warns food prices could soar  MS NOW

By threatening the Strait of Hormuz, Iran turns geography into a global economic weapon  Atlantic Council

Guard wounded, no other casualties among congregation as security fires on assailant; Jewish community lifts lockdown after several hours The post Gunman rams vehicle into Michigan synagogue before being killed appeared first on The Times of Israel.

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Pentagon tells lawmakers Iran war costs top $11.3bn – but true price unknown  The Guardian

The US already spent more than $11.3bn in first six days of conflict, but price tag does not include all spending Sign up for the Breaking News US email to get newsletter alerts in your inbox Pentagon officials told top lawmakers in a closed-door briefing on Tuesday that the cost of the war against Iran has already exceeded $11.3bn in its first six days, but the true cost of the opening days of the conflict is likely far greater, according to two people familiar with the matter. This figure, first reported by the New York Times and confirmed by the Associated Press, in addition to the Guardian, represents the most detailed cost assessment that Congress has received so far as lawmakers seek clarity about the scope and duration of the conflict. Continue reading...

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Busiest US seaport in Los Angeles largely insulated from Iran war disruptions, executive director says  Reuters

Maine heating oil prices spike amid war with Iran, state agency says  WMTW

Iran not going to close Strait of Hormuz, Iran’s UN envoy claims  The Times of Israel

The Israeli military's top lawyer cites "exceptional circumstances" for dropping the case involving a Palestinian man held at Sde Teiman military prison.

Ukraine has significant experience downing Iran’s Shahed drones, leading Gulf states to express interest in Ukrainian expertise and hardware.

A message attributed to Mojtaba Khamenei also says Iran will continue targeting US bases in the region.

Iran to allow India-flagged tankers to pass through Strait of Hormuz (reports)  France 24

In second week of the Iran war, the White House emphasizes ‘fun’ and meme videos  MS NOW