President Trump says he'll end the war soon, when he wants to, as Iran hits three ships near the Strait of Hormuz and warns U.S.-linked banks will be next.

Three vessels were hit by projectiles near the Strait of Hormuz, the UK’s maritime agency said. Countries have agreed to release a record 400 million barrels of oil in an effort to stem gas prices.

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The US president says Iran's "leaders are gone" and "we could do a lot worse". Meanwhile, the UAE says it's responding to incoming missile and drone threats from Iran.