Energy prices soar: The average price of a gallon of gas in the US reached $4.30, the largest one-day increase in the previous six weeks, as the crucial Strait of Hormuz is still essentially blocked. Amidst the uncertainties around an Iran deal, Brent crude oil prices momentarily hit their highest level in four years.
• Keeping options open: In an effort to pressure Tehran into a deal, Pentagon officials will present US President Donald Trump with updated military options for Iran today. His present approach is to hurt Iran's economy.
• Tehran is defiant: Iranian Supreme Leader Mojtaba Khamenei said in a purported letter that foreign aggressors belong in "the depths" of the Persian Gulf, while Iranian President Masoud Pezeshkian declared that any attempt to block Iranian ports is "doomed."
• Back on Capitol Hill, the Senate will hear testimony from US Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine as the White House pursues a $1.5 trillion defense budget.
Credit: https://edition.cnn.com/2026/04/30/europe/trump-troops-germany-spat-intl
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