Live updates: Iran war news, US expected to deploy 82nd Airborne Division, Iran taunts White House as Trump touts talks

Key Points:

• Trade expert Chris Southworth warns that disruptions in the Strait of Hormuz risk fracturing global trade systems, pushing countries like the UK, Australia, Japan, and Canada towards unilateral trade policies, highlighting the need for multilateral reforms.
• Iran has been largely offline for 26 days amid the US-Israel conflict, with the regime seizing Starlink satellite systems and arresting individuals accused of spreading false information or anti-regime content.
• Iraq condemned recent deadly airstrikes on its forces and militias, summoning the US chargé d’affaires and accusing the US of violating international law, as tensions escalate with multiple attacks linked to US-Israeli actions in the region.
• US retail gasoline prices saw a minimal increase recently despite overall sharp rises since the conflict began, influenced by fluctuating oil futures and refinery incidents, while global shipping through the Strait of Hormuz remains disrupted with Iran charging fees for passage.
• Japan and Australia are taking measures in response to the crisis: Japan will release 30 days’ worth of oil reserves to stabilize supply, while Australia will temporarily halt tourist visas for Iranians, citing national security concerns amid the ongoing conflict.