Economic impacts and financial reports
An Israeli airstrike hit a building in Ghaziyeh, southern Lebanon, with additional IDF strikes reported in several other areas of the region, according to Lebanese media.
Hezbollah Member of Parliament Ali Fayyad told Al Jazeera that the ceasefire must be comprehensive and that continued strikes on targets in southern Lebanon and assassinations would violate the agreement. He also stated that any Israeli presence in Lebanon grants the Lebanese people the right to resist and demanded a full Israeli withdrawal and the return of displaced persons.
Iran's plan to charge fees for ships passing through the Strait of Hormuz has generated ZERO revenue so far. President Trump's economic sanctions are set to intensify in 10 days, potentially severely damaging Iran's economy.
The Islamic Republic of Iran closed the Strait of Hormuz to international shipping and began issuing passage permits for a fee of approximately two million dollars per oil tanker. As of now, only 60 permits have been issued, with payment received for just eight cases, leading to dissatisfaction among senior government officials.
Fatih Birol, executive director of the International Energy Agency, warned in an interview with the Associated Press that Europe has only about "6 weeks or a little more" of jet fuel reserves, potentially leading to flight cancellations if oil supplies remain disrupted due to the Iran conflict. Birol also stated that the crisis in the Strait of Hormuz could severely impact global economic growth and inflation, causing rising prices for gasoline, gas, and electricity.
Senator Lindsey Graham of the U.S. Senate posted on X that President Trump's decision to use the U.S. Navy to blockade all of Iran's ports, preventing the sale of oil and gas, has significantly weakened the Iranian economy and driven down oil prices.
The Islamic Republic of Iran, unable to engage in direct military confrontation, expanded its conflict to the residential and commercial infrastructure of neighboring countries, increased insecurity in the Persian Gulf, and ultimately closed the Strait of Hormuz, impacting global economic stability.
On the third day of the Strait of Hormuz siege, assessments indicate that Iran's shipments have been significantly restricted, achieving a major objective and potentially increasing economic pressure on Tehran.
The Israeli army conducted an airstrike on positions of the Hamas terrorist group in the Al-Nuseirat area of the central Gaza Strip.
The economic crisis resulting from the Forty-Day War has affected not only inflation and citizen businesses but also wealthy institutions like the Islamic Revolutionary Guard Corps, which has introduced a bank account to attract "public donations" for its missile and drone unit.
Iranian Foreign Minister Mohammad Javad Zarif told his Spanish counterpart that the U.S. must address Israeli aggression against Lebanon before a ceasefire can be established in West Asia, according to PressTV.
According to information received by Iran International, military forces and proxy groups affiliated with the IRGC are present in some cities across Iran. Leila Saadi, a member of the Iran International editorial board, provided details in an interview.
