- President Donald Trump is expected to announce an international coalition to escort commercial shipping vessels through the Strait of Hormuz, as the conflict with Iran enters its third week.
- The ongoing conflict has resulted in the death of Iran's supreme leader, thousands of Iranian casualties, and the deaths of 13 U.S. service members.
- Iran's ability to restrict passage through the Strait of Hormuz has caused global oil prices to surge past $100 per barrel and U.S. petrol prices to jump by over 70 cents per gallon.
- Despite calls from some Republicans to mitigate the economic impact, Trump and some party members argue that Americans must endure short-term costs for what they term “bold leadership.”
- Energy Secretary Chris Wright confirmed that the U.S. would eventually escort vessels but said they are not yet prepared.
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