Updated

The Iran-Israel-US conflict continued to escalate, with President Trump saying he faces a 'big decision' on whether to launch large-scale strikes to 'annihilate' Iranian foes, warning that 'anything could happen.' He said he would consult Gulf leaders at the UN General Assembly before deciding, as fears grow over the continued blockade of the Strait of Hormuz and attacks on tankers transiting the waterway. The fallout from the Hormuz disruption is spreading regionally: South Korea's president said he would not deploy military assets that could draw Seoul into the conflict, but is weighing an expanded role safeguarding navigation through the strait as global energy supplies face severe disruption. Meanwhile, traders and shippers are increasingly relying on risky ship-to-ship oil transfers off Oman's Sohar port to bypass the blockade, underscoring the growing economic strain the standoff is placing on regional oil flows.