Iran's agriculture minister said the country has not tapped reserves of staple commodities and supplies are adequate.

YONHAP reports Industry Minister Kim Jung-gwan said Seoul and Washington must resolve legacy issues in the $200bln portion of a $350bln investment package tied to bilateral tariff talks. Under last year’s deal Korea agreed to invest $350bln for the US to cut tariffs on Korean imports from 25% to 15%; $150bln is designated for shipbuilding cooperation and the remaining $200bln’s implementation is still under negotiation. Kim said officials had aimed to announce related projects in late August or early September, but working-level issues have surfaced as talks enter the final stage; both sides are still targeting that timetable. He added Korea continues to face ongoing US tariff pressure while multiple bilateral trade issues remain unresolved.

Iran's foreign ministry spokesman said recent hostilities stem from the enemy's miscalculation of Iranian national resolve.