Iran-US war LIVE updates: Indian sailor killed in UAE tanker attack; Oil hits one-month high after Trump notifies congress US is ‘in war’

Speaking to Newsmax, President Donald Trump claimed the US military campaign had severely weakened Iran.

"Now, they have something left, but it's been largely taken away. As an example, their military had 159 ships; 159 ships are under the sea."

He also claimed that Iran had lost nearly all of its military aircraft and much of its defence infrastructure.

"They had 200 aeroplanes; their aeroplanes are all gone. Their radars gone, their anti-aircraft is gone, their weapon-making capability is largely gone – about 84 percent."

Trump added, "So they are a much different country than they were four months ago. In four months we've brought them back to the Stone Ages to a large extent."

He said Iran still has some missile capability but insisted it no longer poses the same military threat.

"Iran was the bully of the Middle East, and they weren't going to be bullying me," he added.

The United Arab Emirates has strongly condemned what it called a "brazen" Iranian missile attack on two of its oil tankers.

According to the UAE Ministry of Defence, Iran fired two cruise missiles at the tankers Mombasa and Bahia while they were sailing near Oman in the Strait of Hormuz.

Both ships caught fire after the strikes.

An Indian crew member aboard the Mombasa was killed. Eight others were injured, including six who suffered serious injuries. The injured include four Indians and two Ukrainians.

Calling the attack a violation of international law, the UAE said it has the right to defend its assets and will take all necessary steps to respond to Iranian actions.

The UAE's statement came as warning sirens were also heard in Bahrain, although authorities there did not immediately confirm whether any attack had taken place.

Tim Waterer, Chief Market Analyst at KCM Trade, said the latest developments have significantly increased uncertainty.

"The latest escalation, including the US reinstatement of the blockade and Iranian responses, has clearly injected fresh risk into the market," he told Reuters.

He added, "While a full closure hasn't occurred, the competing objectives of both sides have made the supply picture highly uncertain."

The latest escalation has sent shockwaves through energy markets.

Brent crude surged 9.59% to settle at $84 a barrel, its highest closing price since June 12 and its biggest single-day gain in more than six years.

US benchmark WTI crude climbed about 9.4% to $78.14 a barrel, its strongest close since June 15.

Analysts said fears over disruptions in the Strait of Hormuz, through which a large share of the world's oil passes, pushed prices sharply higher.

Paul Christopher, Head of Global Investment Strategy at Wells Fargo Investment Institute, said, "Until something changes with the status of the Strait, we believe the bias remains for higher oil prices and, in turn, higher expected inflation and interest rates, and episodes of equity price volatility."

Saudi Arabia said its air defence systems intercepted a ballistic missile fired by Yemen's Iran-backed Houthi rebels toward the kingdom's southern region. A Saudi government spokesperson confirmed the interception, highlighting how the conflict is expanding beyond Iran and the United States.

With fresh US strikes, attacks on commercial vessels, tighter military action in the Strait of Hormuz and growing regional involvement, fears are rising that the conflict could widen further in the coming days.

An Indian crew member was killed and eight others were injured after Iranian cruise missiles struck two UAE oil tankers, Mombasa and Al Bahiyah, while they were passing through the Strait of Hormuz in Omani territorial waters, according to the UAE Ministry of Defence. The Indian national who died was serving aboard the Mombasa. Of the eight injured, six are Indian nationals and two are Ukrainian nationals, with four of the injured in serious condition. The missile strikes also sparked fires and caused material damage to both tankers, though UAE authorities said the fires were later brought under control. The attack comes amid escalating tensions between the US and Iran, with the UAE blaming Tehran for the strike.

Iran's Foreign Minister Seyed Abbas Araghchi has responded to US President Donald Trump's "Guardian of the Hormuz Strait" fee proposal. In his tweet, he wrote, "POTUS is absolutely right. Whoever provides secure and safe passage of commercial vessels through the Strait of Hormuz should be compensated for this service. Iran has always been the GUARDIAN of the Strait and will remain so FOREVER."