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57 stories from 8 sources

Iran War Escalates Despite a Narrow Diplomatic Opening

Day’s Recap

Supporting Articles

Trump warned that the United States may have to “destroy” the rest of Iran and said developments would become clear soon. The remarks came as the conflict continued and Washington weighed further military action.

7:00 PMAl Jazeera

Iranian officials say they are reviewing concrete proposals on its nuclear programme. The response suggests Qatar-led diplomacy to prevent a wider war between Iran and the United States has made some progress.

1:27 PMThe New York Times

Pentagon data places the cost of the Iran war above $47 billion, while Moody’s estimates that the burden amounts to nearly $2,000 per US household. Falling oil prices have reduced some pressure, but new strikes could reverse that relief.

8:53 PMFortune

The Iran war is projected to have a major effect on the future of retirement security in the United States. Its economic and fiscal consequences could alter the outlook for Social Security.

4:00 PMMarketWatch

Alicia Levine of BNY's wealth management business says markets have not fully priced in the risk that the war in Iran could continue for an extended period.

8:07 AMMarketWatch

Venezuela carried out its first major attack against the National Liberation Army, or ELN, breaking with the longstanding tolerance that Chavista governments have shown toward Colombian insurgent groups.

3:12 PMInSight Crime

Other Developments

A curated list of other prominent stories from this day.

Fereidun Fesharaki says an early US-Iran agreement is unlikely because Tehran believes President Donald Trump is politically weakened and is demanding terms Washington cannot accept.

10:59 PMBloomberg Markets

Carlo Diego D'Andrea of the EU Chamber of Commerce in China discusses trade relations between Brussels and Beijing amid growing tensions, speaking during the China International Import Expo in Shanghai.

10:51 PMBloomberg Markets

Russian President Vladimir Putin met Iran’s top security official to discuss regional security, while receiving a letter from Mojtaba Khamenei. The meeting reinforces direct communication between Moscow and Tehran as regional tensions rise.

9:48 PMAl Jazeera

Russia has transferred Japan Tobacco International’s local assets to a Russian company, prompting a formal protest from Japan. The move is the latest seizure of foreign-owned property amid worsening relations between Moscow and Tokyo.

7:31 PMBloomberg Markets

Israeli settlers set fire to olive trees belonging to Palestinian farmers in Burqa, near Ramallah. The incident damaged agricultural property and added to tensions in the occupied West Bank.

7:19 PMAl Jazeera

Turkey’s parliament ratified a defense agreement with Saudi Arabia focused on security around Mecca. The approval could enable deeper Turkish involvement in Saudi Arabia’s confrontation with the Houthis.

7:15 PMAl Jazeera

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