News Summary

• Iran says it will step up efforts to tackle problems created by u.s. sanctions.
• Senior Iranian official warns of a "painful response" if it comes under further attack.
• A restricted zone will be announced outside the Strait of Hormuz in coming days, official says.
• Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries (OPEC) Iran exported 90% of its crude via its Kharg Island export hub before the war.
• The conflict appears to be at a ‌stalemate.