US President Donald Trump has said that America will win at any cost in the ongoing conflict against Iran. Before leaving for China, Trump told reporters that Iran will either compromise or be destroyed. He said that America has every option to handle the situation. Trump said the Iran war and the Strait of Hormuz crisis will also be discussed in his talks with Chinese President Xi Jinping. However, he said that trade will be the main issue of the meeting between the two leaders. According to Al Jazeera report, America has spent at least 29 billion dollars so far in the 74-day war. This expenditure has been only on weapons and military equipment. This does not include the cost of damage caused to military bases. US Defense Secretary Pete Hegseth reached Congress and asked for additional defense budget. He said that America needs 1.5 trillion dollars to remain the most effective military power in the world. Hegseth said the US still has many military options, including escalating the conflict. Earlier, Trump had said that the current ceasefire with Iran is on ventilators. 5 big updates of the last 24 hours 1. Big jump in oil prices due to US-Iran tension: Crude oil prices rose by more than 3% after peace talks got stuck. Brent crude reached $107.68 per barrel and WTI reached $101.61 per barrel. 2. Iran described Hormuz Strait as an ‘operation zone’ of 500KM: Iran’s Revolutionary Guard (IRGC) said that now the Strait of Hormuz will not be considered just a sea route, but an operation area extending up to 500 kilometers. 3. Report- Pakistan gave space to Iranian planes at its airbase: CBS News report claimed that Pakistan allowed parking of Iranian military planes at Noor Khan airbase to protect them from American attacks. 4. Israel carried out 4 air strikes in southern Lebanon: Israel carried out 4 consecutive air strikes on the town of Jebchit in the Nabatiyeh region of Lebanon. There was also an attack around the mosque and later artillery shelling. 5. America will release 53.3 million barrels of crude oil from the US Oil Reserve: The Trump administration decided to release 53.3 million barrels of crude oil from the US Strategic Petroleum Reserve amid rising oil prices and supply crisis. This oil will be given as loan to energy companies. For updates related to Iran war, go through the blog below…
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