What to know
- President Donald Trump will give an “important update” on the Iran war in an address to the nation at 9 p.m. ET, the White House said. Trump told reporters yesterday that he expects U.S. forces to withdraw from Iran in “two to three weeks.”
- Trump said this morning that Iran’s president requested a ceasefire, which Trump said would be considered only when the Strait of Hormuz is reopened. Esmail Baghaei, spokesperson for Iran’s foreign ministry, called Trump’s claim “false and baseless,” according to Iranian state media.
- The cost of regular gas in the U.S. jumped nearly 5 cents, to $4.06 per gallon, according to AAA, the largest one-day move in gas prices in more than two weeks. Oil prices fell slightly below $100 per barrel after Trump said yesterday the war could wind down.