Overview
- Iranian drones and missiles targeted the United Arab Emirates overnight, with officials reporting renewed salvos across Gulf states alongside fresh launches toward Israel.
- Israeli forces hit sites across southern and eastern Lebanon overnight after earlier large-scale raids in Iran, with Lebanese authorities reporting more than 400 dead and widespread displacement.
- Mojtaba Khamenei was installed as Iran’s Supreme Leader as the IRGC pledged allegiance, and Tehran declared talks with the United States off the table while vowing to continue strikes.
- Crude prices whipsawed from an intraday surge near $120 a barrel to a sharp retreat; G7 finance ministers met urgently, opting against tapping strategic reserves for now while signaling readiness to act.
- France is preparing a purely defensive international mission to escort traffic and reopen the Strait of Hormuz, as container flows to Europe stay largely intact and tanker movements remain severely disrupted.