Trump says US Navy could escort tankers in Strait of Hormuz

President Donald Trump said on Tuesday he had ordered the United States Development Finance Corporation to provide political risk insurance and guarantees for maritime trade traveling through the Persian Gulf.

"This will be available to all Shipping Lines," Trump said in a post on Truth Social.

He added that if necessary the United States Navy would begin escorting tankers through the Strait of Hormuz as soon as possible.

"No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH — More actions to come," he said.

The final, in-person session of Iran’s Assembly of Experts to choose a new leader may be postponed until after next week’s funeral and burial for the slain leader, the IRGC-affiliated Fars News Agency reported, citing heightened security measures.

Iran’s Assembly of Experts has now shifted its meetings to a remote format and adopted an alternative voting method due to security considerations and concerns over the safety of its members, the report added citing informed sources.

According to the source, regular deliberations are continuing in a secure environment, and the final stages of the process are underway.

Khamenei did not designate a successor, leaving the decision to the Assembly of Experts, the IRGC outlet said citing the unnamed source.

The body of slain Supreme Leader Ali Khamenei will be buried in the city of Mashhad in northeastern Iran following a funeral, the IRGC-affiliated Fars News reported.

"Officials at the headquarters organizing the grand farewell ceremony for him are planning to hold a public memorial in the capital," the report added.

The date and time of the funeral or memorial has not been announced.

The Israeli military confirmed on Tuesday that it killed the commander of Iran’s Quds Force in Lebanon, Davoud Alizadeh, in an airstrike in Tehran.

"Ali Zadeh, who was the equivalent of a brigadier general, was the highest-ranking Iranian commander responsible for Lebanon," the military said in a statement.

"Ali Zadeh had served in multiple roles, including as the Commander of the Strategic Weapons Corp in the Quds Force, where he supported proxy arming with strategic weapons. Zadeh functioned as an expert, guiding Hezbollah and other proxies’ firepower capabilities," the statement added.

The United Arab Emirates is considering taking military action against Iran to stop Iranian missile and drone attacks against the country, Israel's Channel 12 reported citing sources familiar with the matter.

“Although it (UAE) has not been involved in the war in any way, it has nevertheless absorbed 800 launches,” the report quoted a source familiar with decision-making discussions in the UAE as saying.

“The position in the UAE is that there is no country in the world that would not reexamine its policy under such circumstances,” the source added.