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Iran has shuttered the crucial waterway and vowed to attack any ships that try to pass through

U.S. sailors injured in fire aboard aircraft carrier supporting Iran war  The Washington Post

President says US will ‘make a lot of money’ as conflict with Iran drives fuel costs higher for Americans Sign up for the Breaking News US email to get newsletter alerts in your inbox Donald Trump on Thursday shrugged off the economic toll the war in Iran is taking on gas prices across the United States, writing on social media that “when oil prices go up, we make a lot of money”. The president’s comment came as the American Automobile Association reports that the average price for a gallon of gas hit $3.60, a week after the beginning of the US-Israel military operation against Iran prompted the largest price spike since the opening days of Russia’s invasion of Ukraine in 2022. Continue reading...

Fertilizer Stocks Jump With Shipments Stuck at the Strait of Hormuz  WSJ

Mortgage rates climb to 6.11% as Iran war roils markets  CNN

US President Donald Trump warned Iran's football team Thursday their "life and safety" would be at risk if they took part in the upcoming World Cup in North America. Trump's comments came just two days after he told FIFA chief Gianni Infantino the Iranian players would be welcome despite the Middle East war. "The Iran National Soccer Team is welcome to The World Cup, but I really don't believe it is appropriate that they be there, for their own life and safety," Trump said on his Truth Social platform.

U.S. Mortgage Rates Rise, Undercutting Housing Affordability Push  The New York Times

GPS spoofing is scrambling ships in the Strait of Hormuz  Scientific American

$5 Heating Oil Arrives in US in Latest Iran War Fuel Pain Point  Bloomberg

Iran’s New Supreme Leader Issues First Statement Since Taking Office  The New York Times

Live updates: Iran vows to avenge deaths; California governor sees no drone threat  NBC10 Philadelphia

Pentagon blocks photographers from Hegseth’s briefings on the Iran war  KOLD

Tête à tête - France 'not sending any vessels to the Strait of Hormuz', Defence Minister Vautrin says  France 24

If oil price shocks weren’t bad enough, Trump’s war could have other unintended consequences | Adam Hanieh  The Guardian

Iran war casts shadow over HSBC and StanChart Middle East ambitions  Reuters

Iran’s new supreme leader vows to keep Strait of Hormuz closed  Financial Times

Saudi Aramco in talks to buy Ukrainian drones Saudi Arabia's state oil company is currently in talks to buy Ukrainian drones to protect its oil fields from Iranian attacks, according to the Wall Street Journal.  Ukrainian arms firms Wild Hornets and SkyFall are two names potentially involved in a deal. The arrangement, which could be worth millions, comes in the wake of the kingdom foiling an attack on its Shaybah oil field on Wednesday amid the war on Iran.

Iran's Navy Is Largely Gone. The Threat To The Strait Of Hormuz Is Not.  Radio Free Europe/Radio Liberty

Participation is in question amid ongoing war Fifa’s Infantino said Trump assured Iran are welcome Donald Trump said Thursday that Iran should not participate in the upcoming World Cup in North America, just days after telling Fifa’s chief they would be welcome despite the Middle East war. “The Iran national soccer team is welcome to the World Cup, but I really don’t believe it is appropriate that they be there, for their own life and safety,” the US president said on his Truth Social platform. Continue reading...

Trump’s New Nuclear Nightmare in Iran  Mother Jones