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US Iran War: Israel strikes Iranian missile launcher after barrage
Israel said Tuesday that it had struck an Iranian missile launcher shortly after a barrage fired from the Islamic republic triggered air raid warnings in several Israeli areas.
Late Monday, Israel's military said it identified a round of Iranian missile fire and was working "to intercept the threat."
The Iranian launches sparked air raid warnings in several parts of Israel, forcing people to head for shelter.
But the Magen David Adom emergency services said it received no reports of casualties following the latest round of Iranian fire.
The Israeli military then said it "had struck the missile launcher that launched missiles toward the State of Israel a short while ago."
Before the latest Iranian attack, Israel had announced what it called a "broad wave" of strikes on Tehran, the second such assault launched on Monday.
US Iran War: Iran responds to Trump's 'war could end soon' remarks
The Iran Revolutionary Guard Corps has responded to Trump's comments that the war in Iran would end soon, saying that they will "determine the end of the war"."
Tehran will not allow "one litre of oil" to be exported from the region if the US and Israeli attacks continue, the IRGC says, according to Reuters.
Oil prices have fluctuated amid rising tensions over the Strait of Hormuz, which is crucial to the global energy market as around a fifth of the world's oil passes through the narrow waterway.
Israel Iran War: Govt orders higher LPG production for domestic use amid crisis due to West Asia conflict
The Ministry of Petroleum and Natural Gas issued orders to oil refineries to increase Liquefied Petroleum Gas (LPG) production and directed that such additional output be channelled specifically for domestic use. This decision follows recent geopolitical disruptions that created constraints on the global fuel supply chain.
The government prioritised domestic LPG supply to households to ensure energy security for citizens amidst the ongoing uncertainty in the global oil and energy market due to West Asia crisis.
"In light of current geopolitical disruptions to fuel supply and constraints on supply of LPG, Ministry has issued orders to oil refineries for higher LPG production and using such extra production for domestic LPG use," the Ministry of Petroleum and Natural Gas announced on X.
To manage the current supply environment, the ministry introduced a 25-day inter-booking period for consumers to avoid hoarding and prevent black marketing. "The ministry has prioritised domestic LPG supply to households and introduced 25 day inter- booking period to avoid hoarding/black marketing," the Ministry said.
Israel Iran War: Trump hints at temporary waiver of on specific oil-related sanctions
US President Donald Trump has indicated that Washington could implement temporary waivers on specific oil-related sanctions to mitigate the impact of surging global energy costs caused by the escalating conflict involving Iran.
The president noted that his administration is exploring the short-term removal of certain economic restrictions until the regional situation reaches a point of stability.
"We're also waiving certain oil-related sanctions to reduce prices. So we have sanctions on some countries. We're going to take those sanctions off until this straightens out," Trump said.
He further suggested that these adjustments might become permanent if the geopolitical climate improves, stating, "Then who knows, maybe we won't have to put them on. There'll be so much peace."
In addition to economic measures, the US president confirmed that the United States and its international partners are prepared to deploy military assets to protect commercial shipping routes in the Gulf should tensions rise.
Israel Iran War: Pentagon used up around $5.6 billion in first 48 hours of war report says
The Pentagon expended $5.6 billion worth of weaponry during the initial forty-eight hours of its military operations against Iran, according to a report by the Washington Post.
The staggering figure has intensified concerns among officials regarding the rapid depletion of the "scarce supply of America's most advanced weaponry."
This estimate, presented to Congress on Monday, has sparked fresh debate over the administration's claims that the mission is not "quickly eroding the US military's readiness."
To sustain the ongoing campaign, the White House is expected to request a supplemental defence budget this week, which could reach tens of billions of dollars.
In response to inquiries from the Washington Post regarding the status of national stockpiles, Sean Parnell, the Pentagon's chief spokesman, maintained that the department has "everything it needs to execute any mission at the time and place of the President's choosing and on any timeline."
US President Donald Trump has claimed that the United States and Israel are “winning very decisively” in the ongoing military campaign against Iran and suggested the conflict could end within days.
His remarks came as the Middle East conflict, which began with joint US-Israeli strikes in Iran on February 28 - entered its 11th day. Tehran has retailated by targeting both Israel and Gulf states hosting US bases.
Speaking at a press conference at Trump National Doral Miami, Trump described the joint operation — named Operation Epic Fury — as one of the most extensive military campaigns in recent years.
“Over the past nine days, we've carried out some of the most powerful and complex military strikes and maneuvers the world has ever seen,” Trump said.
The president claimed the campaign had significantly degraded Iran’s military capabilities, including its naval forces, drone infrastructure, and missile launch systems.
“We've wiped every single force in Iran out very completely. Most of Iran's naval power has been sunk. It's at the bottom of the sea,” he said.
Trump said nearly 50 Iranian naval vessels had been destroyed. “It's almost 50 ships. I was just notified. It's 51 ships.”
According to the president, Iranian missile and drone capacity has been sharply reduced as a result of sustained strikes.
