Vice President Vance announced the US is opening an investigation following reports of a glide bomb hitting a wedding in Iran, resulting in 5 fatalities.
The US military escorted 40 tankers carrying 18 million barrels of oil through the Strait of Hormuz in one day, the highest volume since the conflict began, according to CNN.
Iranian Parliament Speaker Ghalibaf urged citizens to reduce gasoline consumption, as the nation struggles to import sufficient fuel due to a US blockade.
The governor of Iran's central bank states the nation possesses adequate foreign currency and is prepared to inject up to two billion US dollars into the market to ease recent fluctuations.
US military attacks target on Larak island for the first time in over a month, Iran declares it a "strategic mistake" and retaliates with missile launches.
The secretary of Iran's Supreme National Security Council denies allegations that Tehran plotted to assassinate Barron Trump, the youngest son of the US president.
Iran announced a preliminary agreement with Oman to reopen the Strait of Hormuz, with a key provision prohibiting warships from transiting the strategic waterway.