US President Donald Trump has said that the United States will win the war against Iran at any cost. Before leaving for China, he said, "Iran will either make a deal or be destroyed." He said his talks with Chinese President Xi Jinping will also discuss the Iran war and the Strait of Hormuz crisis. However, the main issue of the trade deal will be the main issue. According to a report by Al Jazeera, the United States has spent at least $29 billion so far in the 74-day war. This amount has been spent only on weapons and military equipment. US Defense Secretary Pete Hegseth demanded an additional defense budget from Congress. He said the US needs $1.5 trillion to become the world's most powerful military power. 5 big updates of the last 24 hours 1. Crude oil prices rose by more than 3% after the US-Iran tensions stalled. Brent crude reached $107.68 a barrel and WTI at $101.61 a barrel. Iran declares the Strait of Hormuz as a 500KM 'operation zone': Iran's Revolutionary Guard Corps (IRGC) said that the Strait of Hormuz will now be considered an operation area extending up to 500 kilometers, not just a sea route. 3. Report: Pakistan gave space to Iranian planes at its airbase: The CBS News report claimed that Pakistan allowed Iranian military planes to park at the Nur Khan airbase to protect them from American attacks. 4. Israel carried out 4 airstrikes in southern Lebanon: Israel carried out 4 airstrikes in a series of airstrikes on the occupied town of Nabatiyah in Lebanon. There was also an attack around the mosque and later a cannon was fired. 5. US to release 53.33 million barrels of crude oil from oil reserves: The Trump administration has decided to release 53.3 million barrels of crude oil from the US Strategic Petroleum Reserve amid rising oil prices and supply crisis. This will be given to oil and gas companies in the form of loans. Check out the blog below for updates on the Iran war...
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