Iran-Israel war LIVE: Global oil supply to plunge below demand this year on Iran war, says IEA
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- Pentagon says the cost of the war with Iran has risen to nearly $29 billion, $4 billion more than its estimate two weeks ago.
- Donald Trump asserts that U.S. citizens' financial hardships do not influence his decision to negotiate an end to the Iran war, emphasizing nuclear non‑proliferation as his top priority.
- Australia will join a defensive mission led by France and Britain to protect shipping in the Strait of Hormuz, deploying a Wedgetail E‑7A surveillance aircraft already in the region.
- Israel intensified strikes in southern Lebanon, with Beirut reporting 380 deaths since the April 17 ceasefire, ahead of Washington talks.
Why it matters: The $29 billion war bill squeezes the U.S. defense budget, while Australia’s defensive naval mission seeks to keep Hormuz oil shipments open, and Israel’s intensified strikes add 380 civilian deaths, deepening regional volatility.
