Here's the latest
• Oil markets: The US lifted sanctions on 140 million barrels of Iranian oil as the Trump administration sought to lower gas prices. Goldman Sachs suggested that higher prices could last through 2027. Ambassador Mike Waltz, speaking at a CNN town hall, defended the move, describing it as “very temporary.”
• War timeline: US President Donald Trump said the US is considering “winding down” military efforts in the Middle East. But officials said thousands more US troops are heading there. A senior Iranian official said that Tehran doesn’t believe Trump’s claim.
• Berating allies: Trump called NATO allies “cowards” for not helping the US secure the Strait of Hormuz. He also downplayed prospects of a ceasefire.
• Indian Ocean base targeted: Tehran launched missiles at Diego Garcia, a joint US-UK military base that’s around 2,370 miles from Iran’s coast, but they did not hit the facility, according to a US official.
