‘Wartime’ in Iran, Trump’s extended blockade and the UAE: here’s what happened overnight
As the US president hit out at Germany’s chancellor, Iran said it did not consider the war to be over, while the UAE pulled out of Opec

These are the main takeaways from what happened overnight.
What did Trump say?
US President Donald Trump told his aides to prepare for an extended blockade of Iran, The Wall Street Journal reported in Asian early trading hours on Wednesday, citing US officials.
“I am doing something with Iran, right now, that other Nations, or Presidents, should have done long ago,” Trump wrote in a social media post.
“Iran has just informed us that they are in a ‘State of Collapse.’ They want us to ‘Open the Hormuz Strait,’ as soon as possible, as they try to figure out their leadership situation (Which I believe they will be able to do!).”
Merz on Monday said the US was “being humiliated” by Iran and there was “no exit strategy” to end the Middle Eastern conflict any time soon.