Overview
- Israel’s military said Monday it completed a wave of strikes on “regime targets” in Tehran, as Iranian media reported explosions in the capital and Karaj and emergency services said six children were killed.
- Fresh blasts hit Tehran on Tuesday ahead of President Trump’s 8 p.m. ET ultimatum to reopen the Strait of Hormuz, and Israel warned civilians off train travel as it hinted at rail and other infrastructure risks.
- CNN reported that Israel is on high alert for a joint operation with the United States, with updated target lists for power and oil facilities awaiting Trump’s authorization.
- Pakistan has circulated 15–20 day and 45-day ceasefire ideas, but Iranian officials signaled they would not reopen Hormuz under a temporary deal and have pressed for broader terms including sanctions relief and new transit rules.
- Energy markets face rising strain as Hormuz disruptions crimp shipping and insurance, and the IMF warned the conflict will lift inflation and slow global growth if it continues.