Satellite images appear to show real damage at the US Ali Al Salem Air Base in Kuwait, directly contradicting CENTCOM's claim that all Iranian missiles were defeated.
Meanwhile, Iran's Foreign Minister says there has been "no tangible progress" in negotiations, while Trump insists talks are going "very well."
The Strait of Hormuz remains closed. That single chokepoint carries 20 percent of global oil supply. Gulf producers have already curtailed output because storage is full and tankers aren't moving. That supply shock is now working its way through every supply chain that runs on energy, which is all of them. Fertilizer shipments are blocked at the worst possible moment in the planting calendar. Food prices follow oil prices with about a month's lag, and that month is now.
The core issue is simple and completely unresolved: Washington wants Iran's enriched uranium out of the country. Tehran wants sanctions lifted first. Neither side is moving. Until they do, the Strait stays closed, and the bill lands on grocery receipts and energy costs everywhere from Oslo to Jakarta.