Houthi forces said they expect Yemen's armed forces to issue a statement announcing a series of military operations.

U.S. crude futures fell more than 2% intraday to $85.23/bbl, trading near a four-session low.

Analyst Trita Parsi says the US now judges it has shifted the strategic balance with Iran: shipping rerouted via the Oman corridor and weaker global demand for Persian Gulf oil have reduced the impact of a Strait of Hormuz closure, while a US maritime blockade has sharply constrained Iran’s oil exports. Washington’s assessment is that the costs imposed on Iran now exceed US costs and, for the first time since hostilities began, US policymakers believe time is on their side. If that assessment is correct, the critical question is how Trump deploys the newfound leverage. Treating Iran’s weakened position as a means to force unconditional surrender rather than pursue a negotiated settlement would raise the likelihood of a new round of war, since Iran has historically preferred escalation to capitulation. Diplomacy, Parsi argues, is the only reliable way to convert current leverage into a durable political outcome; US policymakers risk repeating past mistakes by equating leverage with victory.