Iran launches new strikes against Israel, US to profit most from oil crisis: Live Updates

President Trump has promised to “coordinate” with foreign states that agree to send their military vessels to the Strait of Hormuz “so that everything goes quickly, smoothly, and well.”

READ MORE: Trump demands China, other nations deploy warships to Strait of Hormuz (PHOTOS, VIDEOS)

“The United States of America has beaten and completely decimated Iran, both militarily, economically, and in every other way, but the countries of the world that receive oil through the Hormuz Strait must take care of that passage, and we will help — A LOT!” Trump wrote on Truth Social.

In a previous post, the US president said: “Hopefully China, France, Japan, South Korea, the UK, and others that are affected by this artificial constraint will send ships to the area so that the Hormuz Strait will no longer be a threat by a nation that has been totally decapitated.”

“The touted US security umbrella has proven to be full of holes and inviting rather than deterring trouble. The US is now begging others, even China, to help it make Hormuz safe,” Iranian Foreign Minister Seyed Abbas Araghchi said on X, calling on “brotherly neighbors to expel foreign aggressors, especially as their only concern is Israel.”

The Strait of Hormuz remains open for international shipping, except for vessels belonging to the United States, Israel, and their allies, a senior commander of the Islamic Revolutionary Guard Corps (IRGC) Navy, Alireza Tangsiri, has said.

READ MORE: Iranian envoy signals safe passage for Indian ships through Strait of Hormuz

“The Strait of Hormuz has not been militarily blocked and is merely under control,” the statement said.

Foreign Minister Abbas Araghchi similarly told US media earlier in the day that the strategic waterway is closed only to hostile nations.

“It is only closed to the tankers and ships belonging to our enemies, to those who are attacking us and their allies. Others are free to pass,” Araghchi said.

Israel allegedly informed Washington that it is running critically low on long-range missile interceptors and is “coming up with solutions to address” the shortage as the war with Iran stretches into its 16th day, US officials told Semafor.

READ MORE: US burning through ‘years’ of munitions in Iran war – FT

While the official insisted that American stockpiles remain sufficient, reports suggest Washington is quietly redeploying assets from other regions. South Korean President Lee Jae-myung said this week that US air defense weapons stationed at Osan Air Base may have been transferred to the Middle East, acknowledging Seoul’s opposition but noting it cannot “fully enforce” its position.

President Donald Trump has touted a “virtually unlimited” US munitions supply, even as observers caution that stockpiles are lower than desired. The Pentagon maintains it has “everything it needs” to execute its missions, but its Gulf allies are reportedly facing shortages, forced on a daily basis to intercept hundreds of missiles and cheap drones targeted at US bases on their territory.

The US Victoria base near Baghdad International Airport has reportedly come under a missile strike, with videos circulated by local pro-Iranian sources showing fire and smoke rising from the facility.

Several drones struck Kuwait International Airport – which serves as a major U.S. air logistics hub and hosts the 387th Air Expeditionary Group – and damaged its radar system, according to the country’s civil aviation authorities.

“Kuwait International Airport was targeted this evening by several drones, which damaged the airport’s radar system,” spokesperson for Kuwait’s Directorate General of Civil Aviation, Abdullah Al-Rajhi, said in a statement on X.

Authorities did not provide details on the extent of the damage, after videos circulated by pro-Iranian sources showed over two dozen explosions in the area.

Switzerland has rejected at least two US requests to fly spy planes through its airspace, while approving a maintenance flight and two transport aircraft flights scheduled for Sunday, citing its neutrality laws amid the ongoing war in the Middle East.

“The law of neutrality prohibits overflights by parties to the conflict that serve a military purpose,” the federal government in Bern said in a statement Saturday. Permitted flights include humanitarian and medical transports, including the evacuation of the wounded.

For future requests, the council said it will only approve flights “demonstrably unrelated to the conflict” and will reject requests that exceed “normal traffic levels” if their purpose cannot be determined.

The Israeli Home Front Command has instructed residents to seek shelter in a protected space and remain there until further notice, after the military detected several missile launches from Iran. “Defensive systems are operating to intercept the threat,” the IDF said.

President Trump has claimed that Iran’s Kharg Island was “totally demolished” in the US bombing raid on Saturday – but suggested “we may hit it a few more times just for fun.”

“We’ve totally decimated it,” the president told NBC News. “Except, as you know, I didn’t do anything having to do with the energy lines, because having to rebuild that would take years.”

The island, located in the northern Persian Gulf approximately 30 kilometers (20 miles) off the coast of mainland Iran, hosts a vital oil terminal responsible for almost 90% of the country’s maritime oil exports.

Tehran threatened to turn all US-linked oil infrastructure across the Middle East into a “pile of ashes” if Washington targets its oil facilities. The Islamic Revolutionary Guard Corps acknowledged that the island’s military infrastructure was damaged but dismissed Trump’s claims of its complete destruction.

The IRGC has shared new footage of its strikes against US and Israeli positions, showing drones taking off from undisclosed locations.