US-Israel-Iran War News Live Updates: Trump prepared to ‘unleash hell’ on Iran, US military ‘annihilating’ Tehran’s navy, says White House
Smoke rises from Kuwait international airport after a drone strike on fuel storage in Kuwait City, Kuwait. (AP Photo)
US Israel Iran War Live: Iran received a 15-point proposal from the US to reach a ceasefire in the war, two Pakistani officials reportedly said on March 25. The Pakistani officials described the proposal broadly as touching on sanctions relief, civilian nuclear cooperation, a rollback of Iran’s nuclear program, monitoring by the International Atomic Energy Agency, missile limits and access for shipping through the Strait of Hormuz, the narrow mouth of the Persian Gulf. The Trump administration reportedly offered the plan to Iran as the US appears to seek an end to the war even while more troops head to the Middle East. The plan was submitted to Iran by intermediaries from the government of Pakistan, which has offered to host renewed negotiations between Washington and Tehran, a person briefed on the plan’s contours but who was not authorized to speak publicly told The Associated Press
Iran hit by Israeli strikes, 12 dead: Twelve people were killed and 28 injured in southern Tehran in a fresh air raid by Israel today. Israel bombers also hit Lebanon and Gaza. On the other side, a fuel tank at the Kuwait International Airport burst into flames after being hit by a drone. Kuwaiti Army has said that it is responding to repeated drone strikes against it.
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Oil prices dip: Oil prices registered a slight drop on Wednesday, the May futures of benchmark Brent going down just under $98 per barrel. It registered a peak of over $101 per barrel on Tuesday, up nearly 40 per cent since the war began. WTI crude futures were trading at just over $87 per barrel.
Meanwhile, Iran has informed the International Maritime Organization that vessels deemed “non-hostile” can transit the Strait of Hormuz safely, even as tanker traffic through the narrow corridor has largely stalled since last month’s US-Israeli military offensive. In a letter shared with IMO member states on Tuesday, Iran’s Foreign Ministry said non-hostile ships are those that neither take part in nor assist hostile actions against Iran and are not affiliated with the United States or Israel.
The US has agreed “in principle” to talks in Pakistan, according to three Pakistani officials, though mediators are still working to convince Iran.
What are Trump’s five war objectives? | Operation Epic Fury — full explainer
Modi speaks to Trump; Indian LPG carriers cross Hormuz
Prime Minister Narendra Modi spoke to President Trump on Tuesday, discussing the importance of keeping the Strait of Hormuz open, US envoy to India Sergio Gor confirmed. Separately, two Indian LPG carriers, Jag Vasant and Pine Gas, successfully transited the Strait carrying 92,612 MT of LPG, with 60 Indian seafarers onboard, heading to India to bolster domestic energy supplies.
Strait of Hormuz explained | Indians in Gulf
Estimated US War Spend Since Conflict Began $120,000,000,000 ↑ Ticking in real-time · Est. $2,500/sec burn rate · Based on RAND Corp Iraq-war pace model · Baseline: $120B Year-1 floor
US DoD Budget FY25 $895B USASpending.gov · Live
World GDP $105T World Bank · Latest yr
India GDP $3.6T World Bank · Latest yr
5yr War Cost Est. $1–4T RAND · Stimson
Filter:
US DoD FY2025 Budget USASpending.gov
$895B
Iraq + Afghan Wars Total (20yr) US Dept of Defense
$2.2T
Annual Ops Cost — Year 1 RAND Corporation
$50–100B
5-Year Cost: Base Scenario RAND / CBO Models
~$500B
5-Year Cost: Full Escalation Stimson Center
$1T–$4T
World GDP (Latest Year) World Bank Open API
$105T
US GDP (Latest Year) World Bank Open API
$27T
Hormuz: Share of Global Oil US Energy Info. Admin.
20–21%
Oil Price Shock if Hormuz Blocked IEA Energy Security Report
+$40–80/bbl
Global GDP at Risk (extreme shock) IMF World Economic Outlook
−1.5–3%
Global Inflation Surge IMF / Brookings Institution
+2–4pp
India GDP (Latest Year) World Bank Open API
$3.6T
India Oil Import Dependence IEA / Min. of Petroleum
85%
Annual Oil Import Bill Ministry of Petroleum, India
~$140B
Extra War Oil Cost (Year 1) RBI / World Bank India
+$30–50B
India GDP Impact — Oil Stress RBI Energy Stress Model
−0.5–1%
Gulf Remittances at Risk RBI Annual Report 2024
~$40B
Live — Gov API
Fact — verified
Projected — research model
Scenario — extreme case
Live APIs (no key required): USASpending.gov (US DoD FY2025 budget) · World Bank Open Data (GDP — World, US, India). Research: RAND Corp · IMF WEO · IEA · EIA Hormuz Brief · Stimson Center · Brookings · RBI Annual Report 2024. War counter: editorial simulation at RAND Iraq-war burn rate ($2,500/sec).
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