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US-Israel-Iran War Live Updates: Iran has allowed India-flagged tankers to pass through the Strait of Hormuz following talks between External Affairs Minister (EAM) S Jaishankar and his Iranian counterpart, Abbas Araghchi.
Officials from President Donald Trump's administration estimated during a congressional briefing this week that the first six days of the war on Iran had cost the US at least $11.3 billion, a source familiar with the matter said on Wednesday.
At least three commercial vessels have been hit by "unknown projectiles" in the Strait of Hormuz, the world's busiest oil shipping route, as the American-Israeli war with Iran continues to squeeze the oil-rich Gulf region amid global energy concerns.
Trump has said that US military action against Iran would help bring down global oil prices, telling supporters in Kentucky that a coordinated release of emergency crude reserves and continued pressure on Tehran would stabilise energy markets.
Saudi Arabia said Wednesday it had intercepted a wave of seven drones heading towards a strategic oil field, as Iran renewed fire on its Gulf neighbours and their energy infrastructure.
The United States is responsible for the strike on the elementary school in Iran's Minab that killed over 175 people, mostly children, according to a report by the New York Times.