With President Trump threatening to strike Iranian power plants, some war-weary civilians are panicking over a possible new debacle.
The Israeli military said its campaign against Hezbollah in Lebanon would intensify, while Iran threatened to attack civilian infrastructure if President Trump followed through with an ultimatum.
Treasury Secretary Scott Bessent estimated that the move would add about 140 million barrels of crude to the oil market.
There are several ways the United States could attempt to reopen the waterway, all of which carry substantial risks.
Some of the proposed sales, valued at more than $23 billion, were under review, while others were never sent to Congress. The administration is pushing them through without congressional approval.
President Trump and Prime Minister Benjamin Netanyahu of Israel suggested that the war with Iran could end soon, but that there were still more attacks ahead.
Breaking a taboo, President Trump needled Japan’s prime minister about the World War II attack, as she widened her eyes and appeared to take a deep breath in the Oval Office.
Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.
The move comes after President Trump sharply criticized Prime Minister Keir Starmer for not supporting his initial military strikes on Iran.
President Trump said Israel was responsible for the attack, but vowed to “massively” destroy the gas field if Tehran hit Qatar’s energy facilities in retaliation.