The USA confirmed a strike in Minab killed 175 civilians, while the US military destroyed 16 Iranian mine-laying vessels to mitigate threats to global oil transit in the Strait of Hormuz.President Donald Trump declared the conflict nearly finished, contradicting Israel's call for an indefinite offensive as oil prices skyrocket.Mojtaba Khamenei has assumed the Iranian leadership, with China unsuccessfully urging Tehran to reopen critical shipping lanes.Regional instability has prompted the
IEA to release 400 million barrels of oil to protect the global economy from further shocks.