Tehran has effectively closed the Strait of Hormuz to shipping from non-friendly nations

A major port in Oman is reportedly in flames after coming under drone attack as the US-Israeli military campaign against Iran continues to send shockwaves across global energy markets.

The International Energy Agency has agreed to release 400 million barrels of oil from strategic reserves and make them available on the global market after Brent crude shot past $100 per barrel on Sunday. Liquefied natural gas (LNG) exports from the Middle East are also looking increasingly precarious as Iran effectively closed the Strait of Hormuz to shipping from non-friendly nations.

Meanwhile, US President Donald Trump has claimed that the Islamic Republic has already lost most of its military capabilities, and that the US-Israeli military campaign could end "any time I want it to end."

Tehran, in turn, has claimed that its military has managed to overwhelm enemy air defenses, making Israel and US military installations in the Middle East more vulnerable to further strikes.

Iranian Foreign Minister Abbas Araghchi has branded the US-Israeli military campaign "Operation Epic Mistake," a jab at Washington's codename Operation Epic Fury.

Here are the latest developments as RT continues to report from across the Middle East:

• Iran's new Supreme LeaderMojtaba Khameneiis "safe and sound" despite earlier reports he was injured in US-Israeli strikes, government adviser Yousef Pezeshkian said. The New York Times previously reported Khamenei was wounded in the legs on the first day of the attacks.
• Iran says US and Israeli strikes have hit nearly 10,000 civilian sites nationwide. Bombing of oil facilities near Tehranhas produced "black rain" of toxic oil and soot, with residents reporting breathing problems and the World Health Organization issuing warnings.
• Italian Prime Minister Giorgia Meloni condemned the missile strike widely attributed to the US thathit a primary school in southern Iranon the first day of the conflict, killing 168 children, and called for those responsible to be identified.

• Thousands of mourners have gathered in Tehran for state funerals for senior military and political figures killed in the initial wave of airstrikes.
• TurkishPresident Recep Tayyip Erdogancalled for an end to the hostilities, warning the war must stop before it "engulfs the region in flames." He said the conflict risks further loss of life, economic damage, and urged renewed diplomacy.
• Iran has threatened to strike US- and Israeli-linked banks in the Middle East after a missile hit an administrative building of state-owned Bank Sepah in Tehran, which handles payroll for the military and IRGC.
• Tehran has also urged residents across the Middle East to report the locations of US and Israeli forces to help make retaliatory strikes more precise and avoid civilian casualties.

Follow our live coverage below for continuous updates. You can also read our previous updateshereandhere.

(RT.com)