Officials from ​President Donald Trump's administration estimated during a congressional briefing this week that the ‌first six days of the war on Iran had cost the United States at least $11.3 billion,

U.S. ⁠President ⁠Donald Trump's administration said ⁠it used $5.6 billion in munitions during the first two ​days of strikes against Iran in a report provided to U.S. congressional ‌committees, a source familiar ‌with the information said on Tuesday.

Iran's Foreign Minister Abbas Araghchi said Tuesday his country would keep fighting as long as necessary, casting doubt on US President Donald Trump's insistence that the conflict would be over

President Donald Trump said he would waive oil-related sanctions, have the US Navy escort tankers through the Strait of Hormuz and predicted on Monday that the war with Iran would resolve “very soon” as he confronted mounting economic and political pressure and days of dramatic fluctuations in oil markets.

The International Energy Agency launched a record release of oil reserves, making 400mn barrels of crude available to the market. Prime Minister Sanae Takaichi said Japan would take the lead and release oil from its national reserves as early as next week.

The White House said the US Navy had not escorted a ship through the Strait of Hormuz, following a now-deleted tweet by energy secretary Chris Wright claiming that it had. The mixed messages on the vital waterway prompted a large swing in the price of oil.

President Donald Trump said Monday the conflict with Iran could end soon. Trump announced Feb. 28 that the United States had launched massive strikes against Iran under Operation Epic Fury, targeting the regime’s military and nuclear program after diplomatic talks collapsed.

US President Donald Trump claimed on Monday that American military objectives in Iran were nearly complete and the conflict could be nearing an end - a declaration met with a defiant vow from Tehran that the war would end on its own terms.