What to know about the Iran war today:
Senior Trump administration officials met at Camp David on Friday to discuss the war with Iran and escalating conflict between the Iran-backed Houthi militia and the Saudi-backed Yemeni government army.
President Trump claimed at a rally Friday night that if the U.S. were to end the war immediately, it would still take Iran years to rebuild the damage to its infrastructure. "We could leave tomorrow, and it would take them years to rebuild from what we did to them because they just wouldn't negotiate," Mr. Trump said. "They played their cards. They played their cards too tough."
Mr. Trump said European leaders agreed on Friday to release a massive amount of their diesel oil stockpiles to help alleviate high prices following an emergency meeting of the Group of Seven leaders. The news came as multiple vessels were struck transiting the Strait of Hormuz in recent days, with the latest incident reported Sunday morning.
Major global oil exporters agree to maintain steady production as ongoing war fuels rising costs
Seven major global oil exporters agreed on Sunday to maintain steady production in November, as the price of benchmark Brent crude oil soars above $100 a barrel amid the Iran war.
The group of countries included representatives from Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. They will meet again on Nov. 1 to review conditions in the oil market.
The Iran war, which began with U.S. and Israeli attacks on Feb. 28, has disrupted global oil supplies and driven prices higher.
The Group of Seven, consisting of the U.S., the U.K., France, Japan, Canada, Germany, and Italy, said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with "substantial" amounts of diesel. Diesel prices recently hit record highs in the U.S., squeezing farmers, truckers and consumers who depend on the fuel.
The G7 promised a "frontloaded substantial release" of diesel within 20 days, before releasing the rest over four months.
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Vice President JD Vance, Secretary of State Marco Rubio and Defense Secretary Pete Hegseth were among the officials to meet on Friday to discuss a path forward.
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