Iran faces 'last chance' to make deal, Trump says
President Donald Trump said the U.S. and Iran were resuming talks on Monday, claiming a deal to reopen the Strait of Hormuz and denuclearize Tehran is "imminent.” Iranian officials, however, have denied participating in direct talks with the U.S., saying that they are negotiating with mediators in Oman.
US military running low on key long-range missiles after months of Iran war: report
The U.S. Army has burned through much of its stockpile of precision long-range missiles during the five-month war with Iran, according to an exclusive Reuters report, raising new concerns about America's military readiness if another major conflict breaks out.
Citing three people familiar with the data, Reuters reported the Army has used "virtually all" of its Army Tactical Missile Systems (ATACMS) and newer Precision Strike Missiles (PrSM).
One source also told Reuters the U.S. has used a little less than half of its global supply of Tomahawk cruise missiles since the war began, though Reuters said it could not independently verify that figure. The Navy's Tomahawk missiles are launched from destroyers, cruisers and submarines and are designed to strike heavily defended targets without putting pilots at risk.
The precision-guided ATACMS and PrSM, which cost more than $1 million each, allow U.S. forces to strike targets from long distances and have become key weapons in modern warfare. ATACMS have also been supplied to Ukraine for strikes against targets inside Russia, while the PrSM is the Army's next-generation replacement with greater range.
Reuters reported the shrinking missile stockpile could force President Donald Trump to rely more heavily on riskier piloted bombing missions if he resumes large-scale attacks on Iran.
Trump launched the campaign alongside Israel in February after predicting the conflict would be brief. But as the war has dragged on, sources told Reuters they worry dwindling missile inventories could weaken the U.S. military's ability to deter adversaries such as China and Russia.
A fourth person familiar with the matter told Reuters that while U.S. Central Command has nearly exhausted the land-based missile inventory it had at the start of the war, it has continued replenishing supplies by drawing from stockpiles elsewhere around the world.
Asked about the reported stockpile data, the White House provided Reuters with a statement from Trump.
"The United States has far more munitions than anyone in the world, and far more than we need," Trump said.
"Our defense companies are, at this moment, making more munitions than they have ever made before, in addition to expanding their plants and equipment at record levels," he added.
While analysts agree U.S. production of key munitions has increased significantly, they have also cautioned that current manufacturing levels may not be sufficient to sustain a prolonged, high-intensity conflict.
Iranian president rejects resignation rumors, vows to 'stand firm'
Iranian President Masoud Pezeshkian said Tuesday in part of a televised interview that he would not resign after a senior cleric claimed he had repeatedly threatened to do so.
“We are fully coordinated with the military forces. I will not resign, and I will stand firm,” Pezeshkian said, according to Iran International.
“If I resign, I will formally announce that I have resigned,” he clarified.
Mohammad-Bagher Kharrazi, whose sister is married to Supreme Leader Mojtaba Khamenei's brother, had claimed Pezeshkian threatened to resign "28 times" but stopped after being warned that his next resignation would be accepted, the outlet said.
Pezeshkian's comments came during an interview marking the second anniversary of his administration, Iran's semi-official Mehr News Agency reported.
US, Lebanon reopen talks in Rome to advance Hezbollah disarmament deal
The United States and Lebanon resumed negotiations in Rome on Tuesday aimed at implementing a framework agreement that includes the verified disarmament of Hezbollah.
The U.S. State Department said the latest round of talks are to "advance full implementation of the Trilateral Framework," according to State Department spokesperson Tommy Pigott.
"The United States remains fully committed to supporting both governments as they carry this process forward in a manner that delivers lasting security for both countries, eliminates security threats to Israel, and restores Lebanese state authority throughout the south," Pigott said in a post on X.
The June 26 framework agreement also calls for the Lebanese military to gradually assume security responsibility in pilot zones, enabling the Israeli military's phased redeployment from southern Lebanon.
US forces redirect 45 commercial vessels sailing to or from Iranian ports, CENTCOM says
U.S. Central Command (CENTCOM) on Tuesday highlighted the Navy's continuing role in enforcing the U.S. blockade against Iran, saying American forces have redirected dozens of commercial vessels while operating in regional waters.
In a post on X, CENTCOM shared a photo of a U.S. sailor standing watch inside the combat information center aboard the USS Boxer (LHD 4), an amphibious assault ship deployed to support the operation.
“As of Aug. 4, U.S. forces have redirected 45 commercial vessels, disabled 2 and boarded 2 to ensure compliance,” CENTCOM said.
The update comes as Iran has halted most traffic through the Strait of Hormuz since the start of the war in February, while the United States maintains a blockade of Iranian shipping and ports.
The Strait of Hormuz is one of the world's most strategically important waterways, typically carrying about one-fifth of global oil and liquefied natural gas shipments.
Bessent says US, Iran could reach Strait of Hormuz deal 'today or tomorrow'
Treasury Secretary Scott Bessent said Tuesday the U.S. is in talks with Iran and suggested an agreement to reopen the Strait of Hormuz could come as soon as "today or tomorrow," a development that helped send oil prices lower.
Speaking on CNBC, Bessent said there is "a chance we may have a deal today or tomorrow to open the strait and move towards a more normalized position in this conflict."
Bessent said Iran's military has been severely weakened, pointing to heavy losses to its air force, navy, missile stockpile and missile production capability.
"Anything that happens in the Gulf will benefit Japan and indeed the rest of the world," he said.
Asked whether Iran would be allowed to charge ships to pass through the strait under a possible agreement, Bessent said he expects vessels would have free passage.
"I think it would be freedom of movement," he said. "I would expect the energy prices to settle back down, which... will be good for the entire world."
Bessent acknowledged conditions remain "a little dicey" but said ships have continued moving through the area over the past several days. He added that once the strait is fully open, hundreds — "if not a thousand" — ships waiting to leave the Gulf could get underway.
"It's not just energy," Bessent said. "It's fertilizer. It's refined products. It is the various industrial gases."
He said lower shipping costs and falling energy prices could trigger "a big relief trade."
Oil prices fell Tuesday after Bessent's comments, with Brent crude, the international benchmark, dropping $1.87 to $81.90 a barrel.
CENTCOM shares video of F-22 stealth fighter refueling midair over the Middle East
U.S. Central Command (CENTCOM) on Tuesday shared new video showing a U.S. Air Force F-22 Raptor stealth fighter receiving fuel from a KC-135 Stratotanker while flying over the Middle East, offering a glimpse at the aerial refueling operations that help extend the aircraft's range during missions.
"The U.S. Air Force F-22 receives fuel from a KC-135 Stratotanker while flying over the Middle East," CENTCOM wrote in a post on X accompanying the footage.
The brief video shows the fifth-generation fighter connecting with the tanker aircraft high above the region before continuing its mission.
In February, Fox News Digital reported that 11 U.S. Air Force F-22 Raptor stealth fighters arrived at Israel's Ovda Air Base in what marked the first-ever operational deployment of American combat aircraft to Israel. The deployment was part of a broader U.S. military buildup in the Middle East amid heightened concerns over Iran's nuclear program and missile capabilities.
"The F-22 is indeed the most air-to-air capable fighter in the world; nothing comes close to it in the air-to-air role," retired Air Force Lt. Gen. Joseph Guastella, the former deputy chief of staff for operations at Air Force headquarters, said that month during a webinar hosted by the Jewish Institute for National Security of America (JINSA).
Designed to establish and maintain air superiority, the F-22 can operate in heavily defended airspace and suppress enemy air defenses. Before bombers or other strike aircraft can reach hardened nuclear or missile targets, the F-22's mission is to clear the skies, former Air Force generals said during the JINSA discussion.
Fox News Digital's Efrat Lachter contributed to this report.
World has lost 2.6 billion barrels of oil since US-Iran war began, Aramco CEO warns
The world has lost more than 2.6 billion barrels of oil since the U.S. war with Iran began in February, according to the head of Saudi oil giant Aramco.
CEO Amin Nasser said Tuesday that the loss is equal to nearly one month of normal global crude production, highlighting how much the closure of the Strait of Hormuz has disrupted the world's oil supply.
"If the Strait were to open today, it would take up to 18 months at an average rate of 2.1 million barrels a day to replenish depleted inventories," Nasser said while discussing Aramco's second-quarter earnings.
His comments come as countries continue drawing from strategic petroleum reserves and oil companies look for ways to keep supplies moving despite the ongoing conflict.
Aramco reported a 44% increase in quarterly net profit to $32.69 billion, helped by higher oil prices and its ability to reroute shipments through Saudi Arabia's East-West Pipeline instead of the Strait of Hormuz.
Nasser said attacks on some Aramco facilities caused temporary production interruptions, but he said they did not have a material impact on the company's operations or finances. He credited the company's storage network, export terminals and pipeline system with helping keep oil flowing.
He also said releases from strategic reserves, commercial inventories and lower demand have helped ease some of the pressure on global markets.
Nasser, however, warned the market has little room for another major disruption.
Refineries around the world are already running near full capacity, he said, and a prolonged refinery outage or another supply interruption could tighten fuel supplies even further.
If conditions improve, Nasser said Aramco could restore production to pre-conflict levels within days and reach its maximum sustained production capacity of 12 million barrels per day within three weeks if requested.
Reuter contributed to this report.
Qatar says diplomatic efforts underway after US, Iran offer conflicting accounts of talks
Qatar said Tuesday it is working with all sides to find a diplomatic solution as President Donald Trump and Iran continued to publicly disagree over whether direct talks are taking place.
"We're looking into a diplomatic solution," Qatari Foreign Ministry spokesman Majed al-Ansari said during a briefing. He said mediation efforts are continuing with all parties but did not provide details or address the conflicting claims from Washington and Tehran.
The remarks came a day after Trump said the U.S. had resumed talks with Iran and claimed a deal to reopen the Strait of Hormuz and address Tehran's nuclear program is "imminent."
Foreign Ministry spokesman Esmail Baghaei pushed back on Trump’s claim, saying on Monday that Tehran is not holding direct talks with the United States. Instead, he said, Iran is communicating through mediators in Oman on issues related to safe navigation through the Strait of Hormuz.
Trump accused Iran's leaders of publicly denying negotiations while privately requesting meetings.
"Whether Iran wants to admit it or not, we are, in fact, talking," Trump said Monday.
The Associated Press contributed to this report.
Liberia flagged ship hit in Strait, crew member missing
A Liberia-flagged cargo ship was struck by an unknown projectile Tuesday while transiting the strategically vital Strait of Hormuz near the coast of Oman, forcing the crew to abandon the vessel as rescuers searched for a missing crew member.
The dry bulk carrier Minoan Pioneer was hit in its engine room, maritime security sources told Reuters.
British maritime risk management firm Vanguard separately told the outlet that the impact sparked a fire in the ship's accommodation area.
“The crew are fighting the fire and require assistance, while the third engineer is reported missing," it said.
A salvage operation is underway, with a tugboat equipped for firefighting dispatched to the scene, one maritime security source said. Most of the crew evacuated into a lifeboat and are reported to be safe, according to the outlet.
It was the fourth attack on a vessel in the waterway since Friday as tensions remain high in the Strait of Hormuz, one of the world's most important maritime chokepoints.
President Donald Trump had vowed last month “to bomb and destroy” one Iranian bridge or power plant each time Iran shoots at a ship in the Strait of Hormuz.
Meanwhile, Iran has halted most traffic through the Strait of Hormuz while the U.S. maintains a blockade of Iranian shipping and ports, disrupting a waterway that typically carries roughly one-fifth of global oil and liquefied natural gas shipments.
Trump says he is giving Iran ‘every last chance’ to reach deal
President Donald Trump said Monday that he is giving Iran “every last chance” to reach a deal before the U.S. carries out a far more punishing military operation.
“I want to give them every last chance before decapitation. Very tough to do,” Trump told reporters in the Oval Office. “…I'm very proud of the fact that I'll give people a chance. This is a big move to do an attack that big on a country.”
Trump said Iranian officials called him after learning about the planned military operation.
“Hopefully they'll come to their senses," Trump added. "So they called me, and they said, 'Please don't attack. We'll make a deal.' That's the real truth. And everyone knows it."
Trump told reporters they’re talking now with negotiations focused first on reopening the Strait of Hormuz, then on Iran’s denuclearization, with Saudi Arabia, the United Arab Emirates and Qatar backing the diplomatic push.
The president said that if “given a chance to let a lot of people live,” that he wants to “give that chance.”
“I'm under no time constraint,” Trump said.
But Trump’s former Vice President Mike Pence said on Fox News the president should strike the remaining nuclear facilities in Iran.
“One does not make peace with one's enemy,” Pence said. “One makes peace with one’s defeated enemy.”
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