Overview
- Trump offered no clear timetable, oscillating between de‑escalation and threats in remarks hours apart and speaking with Vladimir Putin as Moscow floated proposals to end the fighting.
- Iran’s Revolutionary Guard said Tehran will determine when the conflict ends and denied U.S. claims that its missile forces have been severely degraded.
- Iran’s Assembly of Experts installed Mojtaba Khamenei as supreme leader, a hardline choice that Trump called “disappointing.”
- Airstrikes and missile barrages expanded across the region, with Israel striking Tehran and Isfahan, Iranian projectiles targeting Israel and Gulf states, and a second missile in days intercepted by NATO defenses over Turkey.
- Energy markets and shipping were jolted as the Strait of Hormuz stayed largely shut, crude swung from near $120 to below $90, Bahrain declared force majeure, and a major carrier paused some Gulf exports.