- The US government confirmed that the war on Iran had killed at least 18 of its personnel and wounded 482, later reducing the number of dead to 14.
- Iranian-American economist Nader Habibi noted that the global economy faced severe pressure when the US and Iran resumed fighting, with crude prices jumping by more than 20 percent to above $100 per barrel.
- US Ambassador to the United Nations Mike Waltz stated that a pause in strikes would aid talks between the two countries.
- Trump dismissed concerns about munition stockpiles, stating: 'We have far more munitions than anyone in the world, and far more than we need.'
- Habibi also mentioned that the cost of Iran’s strikes on Gulf countries was very high, risking alienation of US allies due to economic damage.
- Washington has not carried out attacks targeting Iran, preventing Tehran’s retaliatory attacks on US military assets and infrastructure in countries in the region.
The United States has paused its bombing of Iran after nearly two weeks of escalating conflict that has resulted in 14 casualties and significant economic repercussions, including crude oil prices soaring above $100 per barrel.3
The pause in strikes, confirmed on Friday, follows a series of bombardments in the Strait of Hormuz and comes after a ceasefire brokered by Islamabad fell apart.
US Ambassador to the United Nations, Mike Waltz, stated that this pause would facilitate ongoing talks between the two nations.4
The conflict has severely impacted the global economy, with Iranian-American economist Nader Habibi noting that crude prices surged by more than 20 percent as hostilities resumed.
He warned that the cost of Iran's strikes on Gulf countries was high, risking alienation of U.S. allies due to economic damage.
The U.S. government initially reported that the conflict had resulted in 18 personnel deaths and 482 injuries, but the Pentagon later revised the death toll to 14.
In light of these developments, former President Trump dismissed concerns regarding munition stockpiles, asserting, 'We have far more munitions than anyone in the world, and far more than we need.'
“The US government confirmed that the war on Iran has resulted in at least 14 personnel deaths and 482 injuries, highlighting the human cost of the conflict. Meanwhile, economist Nader Habibi warned that the global economy is under severe pressure, with crude prices surging over 20 percent due to the renewed fighting.”
