Trump said he canceled planned strikes on Iran and claimed an agreement to end the war was close, but Tehran said nothing had been finalized. The comments followed fresh U.S. and Iranian strikes and new international calls for de-escalation.
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Trump threatened new strikes on Iran and the seizure of Kharg Island as U.S.-Iran fighting widened across Gulf states and the Gulf of Oman. Iran said the latest U.S. attacks made the ceasefire “practically meaningless,” while mediation efforts by Qatar and Pakistan continued.
Israeli strikes killed at least 16 people in southern Lebanon on Wednesday, Lebanese state media reported, while the BBC reported a toll of 17. The UN said it will send investigators to assess possible violations of international law by all sides.
Trump is expected to press defense industry leaders to speed weapons production as the war with Iran strains U.S. missile stockpiles. Officials and experts have warned that replenishing key systems could take years.
U.S. consumer prices rose 4.2% in May from a year earlier, the fastest increase since April 2023. Energy costs, especially gasoline, drove much of the rise as conflict disrupted oil shipping through the Strait of Hormuz.
U.S. inflation rose to 4.2% in May, the highest level in three years, as energy costs tied to the Iran war continued to climb. Core inflation increased 2.9%, while wage growth lagged behind the broader rise in prices.
Iran’s Revolutionary Guards said they struck US military targets in Bahrain, Kuwait and Jordan after American attacks on Iranian sites near the Strait of Hormuz. Jordan said it intercepted five missiles, while US officials told Reuters nearly all Iranian missiles and drones were stopped.