Trump announced that the US is regaining real energy dominance with the opening of the first new oil refinery in 50 years in Brownsville, Texas. This $300 billion project, in partnership with the Indian company Reliance, will supply domestic markets, strengthen national security and US energy production, and create thousands of jobs. Trump described it as a major economic

Following the assassination of Ayatollah Khamenei, the former leader of the Islamic Republic, the regime announced Mojtaba Khamenei as his successor. However, several days later, he has not delivered any speech or statement clarifying his positions. Trump has repeatedly called Mojtaba Khamenei’s leadership unacceptable, stating, “we will see what happens.” According to reports, Mojtaba Khamenei was seriously injured in the first-day attack, and his health status remains unclear. Pete Hegseth, the US Secretary of Defense, has also not commented on his condition. Meanwhile, attacks from both sides continue, and early Wednesday one branch of Bank Sepah in Iran was attacked. In response, a spokesperson for Khatam al-Anbiya Headquarters threatened that Israeli and American banks in the region would be targeted.

The International Energy Agency (IEA) has proposed the largest release of emergency oil reserves in its history, between 300 and 400 million barrels, to control sharp oil price increases caused by the Middle East war. This exceeds the 182 million-barrel intervention in 2022 after Russia's invasion of Ukraine and includes US strategic reserves and those of other OECD countries. However, some analysts doubt that these reserves can quickly cover the daily supply shortfall of 11 to 16 million barrels from the Persian Gulf

G7 energy ministers announced support for using strategic reserves to address oil supply disruptions and market volatility after the Iran war began. In a virtual meeting with the IEA, they reviewed the impact of the Iran conflict on energy markets and supply, emphasized coordination with IEA members and international partners, and welcomed proactive measures including tapping strategic reserves.