Iran’s national currency - the Rial - has dropped ⁠to a record ⁠low of more ‌than ⁠two million to the U.S. Dollar on the open market, as the United States is expected to announce plans to ramp up sanctions on both Iran and countries associated with Iran, after Treasury Secretary Scott Bessent stated yesterday they are preparing “the single greatest financial offensive ever marshalled against an adversary,” referring to it as an “Economic D-Day.”

U.S. President Donald J. Trump in a post just now on TruthSocial: “IRAN IS COMPLETELY COLLAPSING!!! President DJT”

U.S. Southern Command (SOUTHCOM) announced that U.S. forces supporting Joint Task Force Western Hemisphere conducted a kinetic strike yesterday against a suspected narco-trafficking fast boat operating in the Eastern Pacific, killing both individuals aboard. According to Gen. Francis Donovan, commander of SOUTHCOM, the vessel was operating along suspected narco-trafficking routes, with the strike supported by intelligence. This is the first publicly announced kinetic strike conducted under Joint Task Force Western Hemisphere, the new command overseeing U.S. operations in the region and the successor to Operation Southern Spear.

GM NOSTR 🫡

A Saab JAS 39 Gripen C EBS HU operated by the Hungarian Air Force crashed early Monday morning on the site of Szolnok Air Base in Central Hungary. According to a statement released by Hungarian Prime Minister Péter Magyar, the pilot was able to successfully eject prior to the crash, which resulted in no injuries or damage to nearby infrastructure, with the crash under investigation by the Ministry of Defense.

Footage of a Ukrainian Air Force MiG-29 Fulcrum dropping a pair of French-supplied AASM guided bombs on a group of Russian drone operators carrying out attacks on civilians in Kherson.

Human-caused Hawk Fire grows to 10,500 acres near Reno, Nevada; 42,000 ordered to evacuate.

The U.S. Navy has publicly disclosed a previously unannounced AIM-424 Long Range Air-to-Air Missile (LRAAM), also known as the "Malice", revealing the weapon mounted inside the internal weapons bay of an F-35C Lightning II with an AIM-120 AMRAAM mounted on the bay door. The Navy describes the AIM-424 as its next-generation, long range air to air missile, intended to give Navy and Marine Corps aviators greater capability against advanced threats. The internal carriage is particularly significant. Rather than simply adding another externally carried long-range missile, the AIM-424 appears to have been designed around the F-35's limited internal weapons-bay dimensions, allowing the aircraft to retain its low-observable configuration while carrying a substantially longer-range air-to-air weapon. The missile is still associated with testing and development, and the Navy has released few technical details regarding its range, seeker, propulsion or intended employment. The available imagery does, however, show the AIM-424 being evaluated on both the F-35C and F/A-18E/F, indicating that the weapon is being considered across the Navy's carrier aviation force.

A Russian logistics complex in St. Petersburg randomly exploded and caught fire last night. The blaze fully consumed a warehouse storing chemical products at the Kolpino logistics park.

Nearly six months after the Navy evacuated about 1,300 family members from Bahrain, the service is telling them they should not expect to return anytime soon according to reporting from Stars & Stripes. The prolonged evacuation has exposed major gaps in the military's relocation system. Families report tens of thousands of dollars in unreimbursed expenses, stranded vehicles and household goods, repeated moves, and uncertainty over housing, schools and medical care. Vice Adm. Curt Renshaw, commander of U.S. Naval Forces Central Command, acknowledged the problem directly, telling evacuees: “We literally have been making this up as we go, because nothing is conceived to go on this length of time.” The Navy is now directing dependents to designate a new permanent duty station, generally in the U.S, where their belongings can be delivered and they can transition out of temporary safe haven status. They could potentially return if conditions improve.

Ukraine's Special Operations Forces destroyed 14 Russian targets: 3 aircraft (Su-33, MiG-29, Orion UAV), 8 radar systems, a S-400 position at Gelendzhik, and Tor and Pantsir air-defense systems. 11 were in Rostov region and Krasnodar Krai, 3 in occupied Crimea.

Multiple Ukrainian attack drones successfully struck a Russian Ozon distribution center in Chapayevsk this morning, setting it ablaze.

This Friday afternoon, Russian forces bombed a busy shopping mall in the Ukrainian city of Kryvyi Rih. The initial drone strike and a follow-up double tap targeting first responders killed at least 14 Ukrainians and wounded over 100, including 11 children.

Iran's Ministry of Defense Spokesperson: "Our production volume in the past year has increased two-fold in terms of weapons and defense equipment produced in our country. This is despite the fact that during the 12-day war, some limited and specific parts of our defense industry were also among the targets of the enemy's strikes during their aggression against our country."

CENTCOM: "U.S. Sailors conduct nighttime flight operations aboard USS George Washington (CVN 73) while the aircraft carrier sails in the Arabian Sea."

U.S. Army Secretary Dan Driscoll is expected to step down by the end of the year, or sooner, amid months of reported tension with Pentagon chief Pete Hegseth. - WSJ

The Russian city of Saratov is under Ukrainian drone attack this morning, with multiple explosions and pillars of smoke seen rising.

Ukrainian attack drones hit another Russian oil refinery this morning, with explosions and a pillar of smoke spotted rising over Russia's Novokuybyshevsk refinery. Ukrainian forces have successfully hit 4 Russian oil refineries over the last 4 days.

Reporter: "On Iran shifting to economic warfare, does that mean the military options for the U.S. are limited?" Trump: "No, not at all."

Sailors aboard the Arleigh Burke-class guided-missile destroyer USS Ross (DDG-71) observe an MH-60R Seahawk landing on the ship's flight deck while operating in support of the U.S. naval blockade of Iran. According to today's update from U.S. Central Command (CENTCOM), U.S. forces have now redirected 68 commercial vessels, boarded two to ensure compliance, and disabled three vessels that failed to comply with blockade directives.