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War in Iran Enters Day 11: New Gulf Strikes, Israeli Raids in Lebanon as Macron Plans Hormuz Escort

Oil prices pulled back after Trump's claim the conflict is 'practically' over.

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.