The live updates have ended.
What to know
- As the war with Iran heads toward a third week, the country’s new supreme leader, Ayatollah Mojtaba Khamenei, gave his first statement on the conflict, saying his country “will not give up on avenging the blood of martyrs.”
- Oil prices continued to soar today, and President Donald Trump said that the higher prices are actually good for the U.S. economy. The market, however, is not feeling it. Stocks were down today on uncertainty over the blocked Strait of Hormuz and the International Energy Agency’s announcement Wednesday that member countries had agreed to release 400 million gallons of emergency oil reserves.
- The Trump administration has continued to offer confusing details about when the U.S. plans to pull out of the operation. On Wednesday, President Donald Trump referred to the military strikes as an “excursion” despite having called it a war numerous times.