Oil prices fall moderately as reports of possible ceasefire talks between Iran and the United States ease supply concerns, though uncertainty remains over the likelihood of a near-term agreement.

Iran warns that continued U.S. actions could trigger disruption or closure of the Bab el-Mandeb strait, threatening global trade and energy flows amid rising regional tensions.

Iran says its IRGC intelligence chief was killed in a U.S.-Israeli strike, as escalating conflict continues to trigger regional retaliation, casualties and disruptions to global markets and aviation.

Iran and the United States receive a Pakistan-backed proposal for an immediate ceasefire and broader agreement that could reopen the Strait of Hormuz and ease tensions affecting global energy markets.

Donald Trump's use of religious language to describe a military rescue in Iran and justify the war drew criticism for blurring lines between faith and state policy.