German Defense Minister Pistorius: Russia produces 150 short- and medium-range missiles per month, but only a portion of them are used on the front lines in Ukraine.

German Defense Minister Pistorius: Russia is trying to intimidate and undermine our society, and is taking on increasing risks in the process.

Middle East analyst Luciano Zakara stated that despite continued mediation efforts, neither Iran nor the United States appears inclined to return to the negotiating table. He said, "Both sides have indicated that they will not stop retaliating as long as they are attacked. Therefore, we are trapped in this tit-for-tat cycle of retaliation, with no end in sight." Zakara indicated that neither side is willing to "sit down and reconsider" measures that could de-escalate the situation. He pointed out that further sanctions and a naval blockade of Iran do not seem sufficient to achieve Trump's desired goals. Zakara stated that the United States hopes to "strangle the Iranian economy" through economic punishment, and direct attacks on ships and oil facilities appear to have become another means of exerting pressure.

According to Interfax news agency, Kremlin spokesman Dmitry Peskov said Russia is open to trilateral talks between Russia, the United States, and Ukraine.

Sources familiar with the matter revealed that JPMorgan Chase CEO Jamie Dimon plans to meet with British Chancellor of the Exchequer John Healy on Wednesday. The British government is considering imposing a windfall profits tax on banks in its upcoming budget.

The German Federal Network Agency reported that bidding demand for gas-fired power plant capacity tenders far exceeded expectations.