The ongoing American-Israeli war with Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A surge in oil prices points to what may be Iran’s most effective weapon and the United States’ biggest vulnerability in continuing the campaign: Damaging the world economy.

Wednesday’s major developments include Iranian attacks against commercial ships around the Strait of Hormuz and Dubai International Airport, escalating a campaign of squeezing the oil-rich Gulf region as global energy concerns mount.

The U.S. campaign of airstrikes in Iran is now in its 12th day with no end in sight. A U.S. commander says artificial intelligence has helped the military hit more than 5,500 targets in the country. An Israeli intelligence assessment also indicates that Iran’s new supreme leader, Ayatollah Mojtaba Khamenei, was wounded at the start of the war.

Witnesses in Tehran said they heard loud airstrikes and heavy anti-aircraft fire Wednesday, and columns of smoke made the sky overcast as a layer of gray dust settled over the city. The air is filled with the distinctive smell of burnt powder and gasoline. They spoke on condition of anonymity to avoid reprisal.

The Israeli military is also striking Iran and its militant ally Hezbollah in Lebanon, where more than 800,000 people have been displaced by the fighting.

Here's the latest:

Sirens wailed and loud explosions were heard early Thursday in Jerusalem

Alerts also blared in the north, where Hezbollah has fired drones and rockets into Israel.

Israel’s military said shortly after midnight that it was working to intercept missiles launched from Iran.

Russia’s UN envoy says there are no negotiations to end the war in Iran

Ambassador Vassily Nebenzia was responding to a question about the possibility of negotiations following Russian President Vladimir Putin’s talks with U.S. President Donald Trump and Arab leaders.

Nebenzia said Iran was ready to continue negotiations when the U.S. and Israel launched “a premeditated, deliberate attack” on Feb. 28.

“There are no negotiations, although Iran expressed willingness for negotiations,” he told reporters after the Security Council rejected a Russian-drafted resolution on the war.

Nonetheless, Nebenzia said, “We are ready to help to get out of the dire situation the whole region and the United States got itself into.”

Police in Bahrain arrest 6 people accused of posting videos at sites of Iranian strikes

They were arrested for “filming and posting videos related to the aftermath of the Iranian aggression, expressing sympathy and glorifying its hostile acts,” the country’s Interior Ministry said.

The ministry said Bahrain’s anti-cybercrime directorate arrested the suspects and referred them to prosecutors after their videos circulated on social media, “potentially misleading public opinion, spreading fear among citizens and residents and harming security and public order.”

Bahraini authorities have arrested dozens of people accused of documenting Iranian strike sites or participating in pro-Iran demonstrations in the Shiite-majority, Sunni-ruled nation. Iran is majority Shiite.

Drone attacks hit Iraq’s Kurdistan region, oil ship targeted near southern port

Drone attacks were launched late Wednesday toward the cities of Irbil and Sulaymaniyah. One intercepted drone fell near the Divan Hotel in the Saad Abdullah Conference Hall complex in Irbil, a venue for high-level political meetings.

In southern Iraq, an oil vessel flying the Australian flag was struck near Khor Al-Zubair Port, according to two Iraqi navy officials who spoke on condition of anonymity because they were not authorized to comment publicly.

The attack occurred in a loading area within Iraqi territorial waters, the officials said, adding that 25 members of the crew were rescued. It was not immediately clear whether any others remained unaccounted for.

Videos circulating online showed a large vessel engulfed in flames, with massive plumes of fire and thick black smoke billowing into the sky.

No group immediately claimed responsibility for the attacks.

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— By Stella Martany and Qassim Abdul-Zahra

Top Senate Democrat says Trump is following his advice to tap Strategic Petroleum Reserve

“Trump is doing what I called for three days ago, after needlessly sowing additional chaos and uncertainty,” U.S. Senate Minority Leader Chuck Schumer said in a statement Wednesday. He added that Trump has “already created a lot more problems than this will solve – from the Strait of Hormuz blockade to his poorly planned and reckless war.″

Trump said Wednesday he’ll tap the oil reserve “and then we’ll fill it up.” He didn’t specify how many barrels of oil the U.S. would release.

Trump frequently criticized former President Joe Biden for tapping the oil reserve to try to lower gas prices.

Fuel tanks on fire at Omani port amid Iran attacks

Fire crews were working to contain a blaze Wednesday at the fuel storage tanks at Oman’s Port of Salalah, amid days of Iranian attacks, according to the Oman News Agency.

Kuwait’s foreign ministry condemned what it said was Iran’s targeting of the port and the fuel tanks, saying hitting such economic facilities was a “dangerous escalation” that threatened global trade. Videos showed thick plumes of black smoke and large flames rising from the fuel tanks.

Trump, in continued contradictions, says Iran didn’t have ‘nuclear potential’ after last summer’s strikes

The president said that after the strikes with Israel last summer on Iran’s nuclear program: “We obliterated it. They don’t have nuclear potential.”

But, Trump said, without offering specifics, that Iran “started again.”

“That’s why we got to finish it, right? We don’t want to go back every two years.”

Trump, along with others in his administration, have said as they justified the strikes on Iran that the country was weeks away from a nuclear weapon — despite claiming last summer’s strikes had destroyed the program.

Trump says Iran is ‘virtually destroyed,’ promises to ‘finish the job’

Speaking at an event in Kentucky, the president said the U.S. has won the war in Iran but isn’t ready to end it.

“We don’t want to leave early, do we? We’ve got to finish the job,” the president said.

He said the U.S. knocked out 58 naval ships and eliminated Iran’s air force.

“You never like to say too early, ‘We won,’” he said. “We won.”

Iranian diplomat says Security Council resolution seeks to ‘distort the realities’ of the war

Iran’s U.N. Ambassador Amir Saeid Iravani said the resolution adopted by the Security Council on Wednesday, which does not mention that U.S. and Israeli strikes launched the war, “deliberately ignores the root causes of the current crisis.”

“The very purpose of this biased and politically motivated text, which was pushed by Israeli regime and the United States, is clear: to reverse the roles and positions of victim and aggressor,” Iravani told the 15-member council.

Trump says he will tap US Strategic Petroleum Reserve to try to ‘bring prices down’

During an interview Wednesday with WKRC Local 12 in Cincinnati, Trump was asked about tapping the reserve and said, “Well, we’ll do that and then we’ll fill it up.”

He added, “Right now we’ll reduce it a little bit, and that brings the prices down.” He didn’t specify how many barrels of oil the U.S. would release.

Trump frequently criticized the administration of former President Joe Biden for tapping the reserve to try and bring down gas prices.

Security Council rejects Russian resolution urging a halt to hostilities in the Middle East

The Russian proposal failed to reach the nine votes needed to pass.

The one-page text makes no mention of Iran, Israel, the U.S. or the Gulf states — all countries involved in the conflict — but simply urges military activities to cease. It also condemns attacks on civilians and civilian infrastructure.

Russia, China, Pakistan and Somalia were the only countries that supported the draft resolution. Other nations called it hypocritical for Russia to call for end of hostilities despite its own war with Ukraine.

Vassily Nebenzia, Russia’s U.N. ambassador, had urged its adoption calling it “an impartial document” aimed at “de-escalating the situation.”

US ambassador says Iranian attacks brought Gulf countries together

Even before the Iranian ambassador got to speak, Mike Waltz, the U.S. ambassador to the United Nations, said Tehran’s diplomat would present lies during the Security Council session on its actions in the region.

Waltz said Iran’s repeated claims that it is only targets U.S. military bases in the Gulf is a lie.

“These attacks were so brutal and so indiscriminate, as Iran shoots in all directions, that nations that previously had serious disagreements have now joined together,” he said. “They’ve now spoken as one voice.”

Israeli jets pound Beirut’s southern suburbs after a large-scale Hezbollah rocket attack

Simultaneous blasts rocked the Lebanese capital's densely populated southern suburbs — an area known as Dahiyeh — where large fires and plumes of smoke could be seen Wednesday evening.

The Israeli military said it would respond aggressively after Hezbollah fired dozens of rockets at the same time into northern Israel, in one of the largest attacks in the current conflict. Israel struck what it said was infrastructure belonging to the militant group.

The exchange marks an apparent escalation in the past week of fighting, which has killed more than 600 people in Lebanon and displaced about 800,000 others in the small country.

Russia and China blast UN resolution on Iranian attacks for not mentioning Israeli-US strikes

After abstaining from the U.N. Security Council resolution that demanded a halt to Iran’s attack on Gulf countries, the Chinese and Russian ambassadors defended their position, saying that the Bahrain proposal was “extremely unbalanced” in not mentioning the strikes against Tehran that began this war.

“It muddies up the cause and effect. And if someone who is not well-versed in international affairs reads this then this person will be left with the impression that Tehran, on its own volition, and out of malice, conducted an unprovoked attack on Arab states,” Russia’s U.N. Ambassador Vassily Nebenzia said during a Security Council session Wednesday.

Both Nebenzia and China’s U.N. envoy Fu Cong said they attempted to negotiate with Bahrain and the U.S. to include the initial strikes from Israel and the U.S. on Feb. 28 that launched the war, but the final resolution text ended up “unbalanced.”

Oil reserve release makes up for just 3 weeks of lost supply, expert says

“We’re basically talking about weeks, and not months, of supply,” said Bruce Bullock, director of the Maguire Energy Institute at Southern Methodist University.

Bullock said the 400 million barrels of crude oil are meant as a short-term bridge while markets wait to see how the war unfolds. If the conflict drags on or the Strait of Hormuz stays blocked, reserves may need to be released more slowly, he said.

But if the war ends soon, he added, the extra supply could trigger a sharp drop in oil prices.

Trump tells FIFA chief that Iran remains welcome for World Cup

Even as leaders in Iran say it’s “not possible” for the country to participate in this year’s World Cup, the U.S. president is indicating Iran’s team is still welcome in the United States.

Trump met privately with soccer chief Gianni Infantino on Tuesday at the White House, according to the FIFA president’s Instagram account.

During the meeting, Trump “reiterated that the Iranian team is, of course, welcome to compete in the tournament in the United States,” Infantino wrote in the Instagram post.

A White House official, speaking on condition of anonymity to discuss private conversations, confirmed Trump’s message to Infantino about Iran’s participation.

Since June, Iran has been subject to a travel ban into the U.S. as part of the Trump administration’s immigration crackdown. But athletes and coaches from the target nations are exempt, which means the Iranian team would be allowed in.

The U.S. is hosting the tournament with Canada and Mexico from June 11 to July 19.

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AP video shows Israeli strikes on a Gaza tent camp after an evacuation order

Shortly after ending their daily fast for Ramadan, displaced Palestinians sheltering west of Gaza City said they received phone calls from apparent Israeli military personnel ordering them to get out of the area within five minutes.

“They called us and told us to evacuate. We cannot breathe. And now they set our tents on fire. Where can we go?” said Ibtessal al-Shanbary, who escaped with a backpack and whatever small belongings she could hastily grab from her tent.

Anssar camp was struck three times Wednesday evening, witnesses said; the first two were warning strikes, and the last one was a major strike that sparked a huge fire and sent plumes of smoke into the sky.

The Israeli military did not immediately respond to a request for comment.

UN Security Council demands Iran halt ‘egregious attacks’ on its Gulf neighbors

The 13-0 vote in the U.N.’s most powerful body reflects the isolated position Iran finds itself in, as it fires missiles and drones in retaliation for the ongoing U.S.-Israeli strikes.

China and Russia — two Iranian allies — abstained from the Wednesday’s vote, allowing it to be approved without using their powerful veto block it.

The draft resolution, supported by more than 130 member states, condemns Iran’s attacks on Bahrain, Jordan, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates as a violation of international law and “a serious threat to international peace and security.”

“The message is clear,” said Bahrain’s U.N. Ambassador Jamal Alrowaiei. “The international community is resolute in rejecting these Iranian attacks against sovereign countries that are threatening the stability of the peoples, especially in a region of strategic importance to global economy, energy, security, and security of global trade.”

Trump says of Iran’s new leadership: ‘Let’s see what happens to them’

The U.S. president said to reporters while making a stop in Ohio that the U.S. “knocked out twice their leadership” in Iran, and added: “Now they have a new group coming up. Let’s see what happens to them.”

Hezbollah and Israel trade nighttime attacks

Hezbollah launched dozens of rockets at Israel on Wednesday night, the Israeli military said. One rocket hit a house near the town of Karmiel, lightly injuring two people, according to Israeli rescue services.

The Israeli military said it responded with a large wave of strikes targeting Hezbollah in the densely populated southern Beirut neighborhood of Dahiyeh.

Iran war tests US ability to combat cheap attack drones

The war with Iran has quickly tested America’s ability to combat the swarms of cheap drones that have become a staple of the modern battlefield after Ukraine and Russia demonstrated how effective they could be.

Experts and defense leaders stress that the U.S. military has been able to shoot down the majority of Iran’s drones and take out much of its drone capabilities. But critics said too often missiles that cost millions of dollars were used to down small drones that cost tens of thousands.

The U.S. is bringing an anti-drone system to the Middle East that has been tested in Ukraine, which had proposed a deal with the U.S. last year to offer its drone expertise. Such an agreement is yet to be made.

American forces are facing a steep learning curve as they scramble to deploy more cost-efficient defenses against Iran’s Shahed drones, which fly low and buzz like mopeds before smashing into their targets.

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Republican senator says Iran school strike ‘looks like it’s our missiles’

Louisiana Sen. John Kennedy said that all indications point to the U.S. being responsible for a strike near a school in Iran that killed more than 165 people. He added that he has faith that the Trump administration “will take the appropriate steps.”

“This was a terrible thing that happened,” said Kennedy. “And it looks like it’s our missiles.”

Kennedy added that no matter the response from the U.S. if they are responsible for the strike, “the kids are still dead.”

“And I’m really sorry. But we will learn from it,” said Kennedy.

Smoke blankets Tehran as the smell of airstrikes lingers

An eyewitness driving to Tehran described columns of smoke from bomb and missile explosions rising into the air across different parts of the capital, making the sky overcast, with a distinctive smell of burnt powder and gasoline.

Along the highway, people in civilian vehicles stopped cars for inspections. The witness spoke on condition of anonymity because of concern over repercussions.

A layer of gray dust has settled over the city and vehicle traffic was unusually light.

Nearly 30 countries say they back Lebanon’s sovereignty

With Lebanon engulfed in another Israeli-Hezbollah conflict, the 29 nations condemned “in the strongest terms Hezbollah’s reckless decision to join the Iranian attacks against Israel.”

The statement also urged Israel “to abstain from attacks against civilian infrastructure and heavily populated areas and to respect the Lebanese sovereignty and its territorial integrity.” The countries called on all sides to uphold international law protecting civilians.

France’s U.N. Ambassador Jerome Bonnafont read the statement, surrounded by diplomats supporting it, mostly from European countries. The U.S., Russia and China did not sign.

Lebanon won’t accept ‘return to the past,’ its UN envoy says

Ambassador Ahmad Arafa told an emergency meeting of the U.N. Security Council that Israel “shows no respect for the laws of war and persists in its attacks on Lebanon” while Hezbollah also keeps attacking despite a government ban on its illegal military and security activities.

“We will not accept a return to the past,” he said. “The Lebanese people do not want war, and the Lebanese government is moving forward in implementing its decisions and will not backtrack.”

But Arafa said the priority today is stopping the war and protecting the Lebanese people, and he reiterated the government’s readiness to enter negotiations with Israel under international auspices for a truce, a halt to all its military operations and the withdrawal of its forces to internationally recognized borders.

Saying Lebanon is facing “an extremely dangerous moment and a humanitarian catastrophe,” Arafa urged international support and assistance “to help ease the burden of this crisis.”

US diplomat says Washington stands with the Lebanese people dragged into war by Hezbollah ‘at the behest of Iran’

U.N. Ambassador Mike Waltz told an emergency meeting of the U.N. Security Council that the United States supports the Lebanese government’s decision to prohibit Hezbollah’s military and security activities, and the government’s order for the group to immediately disarm.

The U.S. also welcomes Lebanon’s ban on all activities of Iran’s Islamic Revolutionary Guard Corps, he said.

“The world must come together now in supporting Lebanon’s efforts to exercise its sovereignty across every inch of Lebanese territory,” Waltz said.

He said the U.S. is responding to Hezbollah’s “recklessness” by providing humanitarian aid to hundreds of thousands of displaced Lebanese.