Iran's Revolutionary Guards said they had attacked two U.S. bases in Kuwait and one U.S. base in Bahrain, according to Reuters, marking a further escalation in the regional conflict.

Iran's attacks on commercial shipping sent oil prices higher, but alternative routes and rising OPEC+ production may be weakening Iran's leverage.

Efforts are underway to rekindle U.S.-Iran diplomacy after the most intense exchange of attacks since the ceasefire took effect.

The U.S. and Iran's contradictory interperations of the memorandum of understanding have led to renewed fighting over the Strait of Hormuz.

U.S. Postal Service stamp prices will increase on Sunday, as the independent agency tries to stabilize itself financially. The Postal Service has grappled with increasing costs as mail volumes have steadily decreased for years.

Iran's former Supreme Leader Ali Khamenei was buried amid an escalating exchange of fire on the 132nd day of the war.