The Middle East conflict entered a new phase as Iran and Oman worked on a plan to reopen the Strait of Hormuz, easing fears of a major global oil disruption. Oil prices dropped even as President Trump promised another two to three weeks of intense military pressure on Iran. Overnight, Iran, Hezbollah, and the Houthis launched coordinated attacks against Israel, while Israel expanded strikes inside Iran and Lebanon. Global powers are now scrambling to reopen shipping lanes before the conflict triggers a deeper economic crisis.
Iran and Oman moved toward reopening Hormuz, knocking oil prices lower, while President Trump vowed even tougher strikes on Iran. Overnight attacks escalated across the region as missiles, rockets, and airstrikes hit Israel, Iran, Lebanon, and beyond. #StraitOfHormuz #Trump #Iran pic.twitter.com/8ToO3HCxON
— Matthew Brady (@mattbrady775) April 2, 2026
- Iran and Oman are drafting a protocol to reopen traffic through the Strait of Hormuz, leading oil prices to fall after fears of a prolonged shutdown.
- Iran says ships would be monitored and coordinated with coastal authorities, while also considering transit tolls reportedly as high as $2 million per vessel.
- President Donald Trump said the United States and Israel are close to achieving their objectives in the war and pledged to strike Iran “extremely hard” for the next two to three weeks.
- Trump said Iran’s navy, air force, missile production, and Revolutionary Guard command structure have been severely damaged.
- Fighting intensified overnight:
- Iran launched one of its largest missile attacks yet against Israel.
- Hezbollah fired roughly 50 rockets from Lebanon.
- The Houthis coordinated additional missile strikes with Tehran.
- Israel struck Hezbollah infrastructure and Iranian military sites.
- The B1 bridge between Tehran and Karaj, described as the tallest bridge in the Middle East, was destroyed in an airstrike, along with other civilian infrastructure targets.
- British Prime Minister Keir Starmer organized a summit of more than 30 countries to coordinate reopening the Strait of Hormuz and restoring global shipping.
- U.S. intelligence agencies reportedly believe Iran thinks it has the upper hand and does not yet see President Trump as serious about negotiations.
- Qatar demanded compensation from Iran for damage caused by attacks across the Gulf region.
