US-Israel War on Iran Day 26: Trump says war ‘won’ as drones hit Kuwait airport

The price of diesel in Vietnam has more than doubled since the start of the war in the Middle East, according to figures released by the trade ministry on Wednesday.

Diesel prices have skyrocketed about 105 percent from February 26, two days before the US and Israel launched strikes on Iran. The government raised the price to 39,660 dong ($1.50) per litre Wednesday, up from 19,270 dong last month, trade ministry figures showed.

The price of 95-octane petrol also jumped nearly 68 percent over the same period, from 20,150 dong to 33,840 dong.

US forces have destroyed more than 9,000 military targets inside Iran, significantly reducing the country’s combat capability, according to US Central Command. The strikes are part of Operation Epic Fury, which has targeted missile sites, storage facilities, naval assets and other military infrastructure across Iran in an effort to weaken its ability to project force in the region.

Iran's Revolutionary Guards said they had fired missiles at Israel as well as military bases hosting US forces in Kuwait, Jordan and Bahrain, Iranian state television reported on Wednesday.

A Guards statement carried by state broadcaster IRIB said that "targets in the heart of the occupied territories", meaning Israel, and US military bases in the region "were struck by precision-guided liquid- and solid-fuel missile systems and attack drones".

Iran says non-hostile vessels will be allowed to pass through the Strait of Hormuz if they coordinate with the country’s competent authorities, according to a statement posted by its Iranian UN mission on X.

The mission said ships can transit the vital waterway as long as they do not participate in or support aggression against Iran and fully comply with declared safety and security regulations. The message signals Tehran’s intent to maintain strict control over the strategic shipping route until a broader deal is reached.

The impact of the Middle East conflict is moving steadily from global markets into household budgets, with early signs already visible in fuel and transport. Pressure is expected to build in stages, spreading across food, goods and services if disruptions persist.

The Strait of Hormuz sits at the centre of this shift. It carries a large share of global oil and trade flows, and any slowdown quickly feeds into prices that consumers eventually pay.

Five drones targeting the Eastern Region were intercepted and destroyed, the Ministry of Defense spokesperson said, in the latest aerial engagement reported since hostilities escalated.

Kuwaiti air defense systems are actively intercepting hostile missiles and drones that entered the country’s airspace, Ministry of Defense spokesman Colonel Staff Saud Al Atwan has announced. Authorities say the systems were engaged to neutralize incoming threats and protect critical infrastructure.

Brent crude oil, the global market benchmark, dropped close to six percent Wednesday after US President Donald Trump sent a peace plan to Iran.

At around 0030 GMT, a barrel of Brent crude was down 5.92 percent at $98.30. Benchmark US oil contract, West Texas Intermediate, was down 5.01 percent at $87.72.

Kuwait’s General Civil Aviation Authority said Iranian drones targeted a fuel tank at Kuwait International Airport, triggering a fire at the site.

Official spokesperson Abdullah Al Rajhi told Kuwait News Agency (KUNA) that initial reports indicate the damage is limited to material losses, with no casualties reported.

Authorities said emergency procedures were activated immediately, with firefighting teams and relevant agencies responding to contain the blaze. Efforts are under way to secure the site and assess the full extent of the damage.

US President Donald Trump has declared: "This war has been won. The only one that likes to keep it going is the fake news."

He also pointed out: "Iran is going to make a deal. The new leadership gave us a significant present that showed me that we're dealing with the right people."

Trump did not mention the people on the Iranian side that the US leadership is currently dealing with.

The global oil market is flashing signs of volatility with massive divergences across major crudes. While US and some producer benchmarks surge on supply fears, premium Middle East grades are sliding — painting a picture of a market under extreme geopolitical stress.

Indian Prime Minister Narendra Modi received a telephone call from US President Donald Trump during which the Indian leader reaffirmed its support for immediate de-escalation and the restoration of peace, while stressing that “ensuring that the Strait of Hormuz remains open, secure and accessible is essential for the whole world.”

Day 25: UAE intercepts threats from Iran ; 1dead, 5 hurt in Bahrain

Day 24: Netanyahu speaks with Trump, vows to protect Israel's interests

Day 23: Trump gives Iran 48 hours to reopen Strait of Hormuz

Day 22: Trump says US considering ‘winding down’ war

Day 21: UK to let US use bases for strikes on Iran threats

Day 20: Trump vows to destroy Iran gas field; UAE intercepts threats

Day 19: Iran warns of 'consequences' after gas field hit

Day 18: Iran confirms security chief Ali Larijani killed

Day 17:  Trump urges allies to secure Strait of Hormuz,

Day 16: Trump calls for allies on Strait of Hormuz security

Day 15: Trump threatens Iran’s oil infrastructure after US bombs Kharg