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Newly released video footage appears to show a US Tomahawk missile striking an Iranian school in Minab, directly contradicting official US statements denying the attack. This development intensifies scrutiny amid escalating US-Israeli strikes on Iran's energy sites, which have heightened regional military tensions and disrupted Gulf oil production. As a result, US gasoline prices have surged 17%, compounding economic pressures alongside global oil prices that have now topped $100 per barrel.

In response, G7 finance ministers are set to discuss an emergency release of oil reserves to stabilize markets and ease price spikes. Meanwhile, in a separate economic move, Live Nation and the Justice Department have reached a settlement in the Ticketmaster antitrust lawsuit, averting a breakup despite ongoing state objections. Amid these global tensions and market shifts, the Hay Festival 2026 announced a star-studded lineup featuring Emma Thompson and Malala Yousafzai, offering a cultural counterpoint to the unfolding geopolitical and economic challenges.

Developing: The full impact of the missile strike on diplomatic relations remains uncertain as investigations continue.