Treasury Secretary Scott Besson confirmed that the U.S. will not renew sanctions waivers for Iranian and Russian oil.

According to reporting from Axios, the U.S. demanded a 20-year moratorium on Iran's nuclear program, while Iran was only willing to consider a single-digit year term.

According to U.S. Central Command, no ships passed through the Strait of Hormuz in the first 24 hours of the U.S. naval blockade, and six Iranian merchant vessels were turned back.

U.S. Central Command stated that 10,000 U.S. sailors, Marines, and airmen are involved in the naval blockade of the Strait of Hormuz.

Prime Minister Viktor Orban was defeated in Hungary's recent elections.

Analysts at Bloomberg Economics predict that oil prices will not fall sharply immediately after the conflict with Iran ends.

Bloomberg Economics analysts estimate it could take months to restore damaged energy infrastructure in the Middle East after the war with Iran concludes.

U.S. Secretary of State Marco Rubio is mediating the first direct talks in decades between the ambassadors of Israel and Lebanon at the State Department.

The first round of U.S.-Iran talks in Islamabad, which involved Vice President J.D. Vance, lasted 21 hours and were ultimately unsuccessful.

The footwear company Allbirds has pivoted to become an AI company.

The price of crude oil fell below $100 per barrel following President Trump's public remarks on the Iran situation.