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Axios reported that US Central Command has prepared a plan for a wave of "short and powerful" strikes on Iran.
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Oil prices push higher, approaching another wartime high, as President Trump asserted that the naval blockade of Iran's ports would persist.
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Brent crude has surged to its highest levels since mid-2022, LSEG data shows, as the Middle East conflict chokes supplies.
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The comments came after the German chancellor said that Iran has "humiliated" the United States.
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President Donald Trump warned Iran "better get smart soon" Wednesday, as he weighed military options for the Strait of Hormuz with peace talks at an impasse.
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;Resize=(620)) Jerome Powell said Wednesday he plans to remain on the board of the Federal Reserve after his term as chair ends next month "for a period of time, to be determined," saying the "unprecedented" legal attacks by the Trump administration have put the independence of the nation's central bank at risk.
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The U.S. Supreme Court appeared sympathetic to the Trump administration's move to end temporary protected status for Haitians and Syrians in the country.
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Iranian Foreign Minister Abbas Araghchi flew to meet Russia's Vladimir Putin after Donald Trump withdrew his envoys from peace talks in Pakistan.
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