Speaking to reporters outside the White House, the US president says Iran has "lost their navy... their leaders are gone. And we could do a lot worse".

The US says the ships were targeted in the Strait of Hormuz - a key shipping route. In Dubai, authorities say the airport is operating normally after two drones fell in the area.

Il Etait Temps powers over the line in the Queen Mother Champion Chase to earn trainer Willie Mullins his third win of day two at the Cheltenham Festival.

Germany's central bank said Wednesday it was abandoning a project to renovate its historic Frankfurt headquarters after ...