Overview
- President Donald Trump said U.S. forces "totally obliterated" military targets on Kharg Island while sparing oil facilities, warning that interference with traffic in the Strait of Hormuz could change that restraint.
- Iraqi security officials reported a missile strike on a helipad inside the U.S. Embassy compound in Baghdad, with Associated Press video showing smoke over the site and no immediate embassy comment.
- Global crude benchmarks hover around $100 per barrel with sharp volatility, the IEA’s record 400 million‑barrel reserve release will take months to reach markets, and U.S. gasoline prices are up 23% since the war began.
- Iran’s foreign minister Seyed Abbas Araghchi accused the U.S. of a policy U‑turn by urging countries including India to buy Russian crude after the Treasury authorized a temporary waiver for oil already loaded at sea.
- UK officials responded to steep heating‑oil price spikes reported by a Northumberland MP, with Energy Secretary Ed Miliband engaging industry and the Competition and Markets Authority gathering evidence on pricing.