Strait

400 million barrels of oil to be released from strategic reserves as Iran targets commercial ships

Attacks on multiple commercial ships in the waters around Iran on Wednesday increased global energy concerns, pushed nations to unleash strategic oil reserves and sparked fresh critiques of the Trump administration’s readiness for a war it started.

As Trump administration and U.S. military officials continued to claim increasing success and advantage in the conflict — and authorities downplayed a reported threat of drone attacks on California — leaders around the world scrambled to respond to the latest attacks and the International Energy Agency’s call for the largest ever release of strategic oil reserves by its members to help stem energy price spikes.

President Trump also faced renewed questions about a deadly strike on an Iranian elementary school at the start of the war, after the New York Times reported Wednesday that a military investigation had determined the U.S. was responsible.

“I don’t know about it,” Trump said when asked about the report.

In an address Wednesday morning, IEA Executive Director Fatih Birol said energy shipments through the Strait of Hormuz had “all but stopped” amid the conflict, driving massive global competition for oil and gas in wealthier countries and fuel rationing in poorer nations.

He said the IEA’s 32 member nations have brought a “sense of urgency and solidarity” to recent discussions on the matter, and had unanimously agreed to “launch the largest ever release of emergency oil stocks in our agency’s history,” making 400 million barrels of oil available.

However, he said the most needed change is the “resumption of traffic through the Strait of Hormuz.”

A vendor pumps petrol from tankers.

A vendor pumps petrol from Iranian fuel oil tankers for resale near the Bashmakh border crossing between Iraq and Iran.

(Ozan Kose / AFP/Getty Images)

Several countries, including Germany, Austria and Japan, had already confirmed their plans to release reserves.

The White House did not immediately respond to a request for comment on any U.S. plans to release its strategic reserves, or how much would be released. The U.S. is an IEA member.

Trump told reporters Wednesday that the U.S. has hit Iran “harder than virtually any country in history has been hit,” including by wiping out its naval fleet and eliminating other vessels capable of laying mines, and that he believes oil companies should resume shipments through the strait despite the recent attacks.

U.S. Interior Secretary Doug Burgum backed the idea of releasing oil reserves in a Fox News interview.

“Certainly these are the kinds of moments that these reserves are used for, because what we have here is not a shortage of energy in the world; we’ve got a transit problem, which is temporary,” Burgum said. “When you have a temporary transit problem that we’re resolving militarily and diplomatically — which we can resolve and will resolve — this is the perfect time to think about releasing some of those, to take some pressure off of the global price.”

Burgum said that while Iran is “holding the entire world hostage economically by threatening to close the strait,” Trump has made the consequences of such actions “very clear,” and “there’s a lot of options between ourselves and our allies in the region, including our Arab friends in the region, to make sure that those straits keep open and that energy keeps flowing for the global economy.”

The IEA did not provide details as to the release of the 400 million barrels, part of a broader reserve of some 1.2 billion barrels held by its members. It said the reserves “will be made available to the market over a time frame that is appropriate to the national circumstances of each Member country and will be supplemented by additional emergency measures by some countries.”

The agency said an average of 20 million barrels of crude oil and oil products transited the strait per day in 2025, and that options for bypassing the strait are “limited.”

While some tankers believed linked to Iran were still getting through the Strait of Hormuz, which under normal circumstances carries about 20% of the world’s oil and natural gas, Iranian officials threatened attacks on other vessels — saying they would not allow “even a single liter of oil” tied to the U.S., Israel or their allies through the channel, which connects to the Persian Gulf.

Trump has repeatedly claimed that the U.S. and its powerful Navy would support commercial vessels and ensure the strait remains open to oil shipments, but that has not been the case.

Gas tankers sit offshore.

Tankers wait off the Mediterranean coast of southern France on Wednesday.

(Thibaud Moritz / AFP/Getty Images)

The United Kingdom Maritime Trade Operations center, run by the British military, reported at least three ships struck in the region Wednesday — including ships off the United Arab Emirates and a cargo ship that was struck by a projectile in the strait just north of Oman, setting it ablaze.

The Trump administration and the U.S. military, meanwhile, have been pushing out messaging about wiping out Iran’s ability to plant mines in the strait — posting dramatic videos of major strikes on tiny boats on small docks.

Adm. Brad Cooper, the leader of U.S. Central Command, said in a video posted to X on Wednesday morning that “in short, U.S. forces continue delivering devastating combat power against the Iranian regime.”

“I’ve said this before, but it bears repeating: U.S. combat power is building, Iranian combat power is declining,” he said.

The U.S. has struck more than 60 Iranian ships, and just “took out the last of four Soleimani-class warships,” he said. “That’s an entire class of Iranian ships now out of the fight.”

Cooper said Iranian ballistic missile and drone attacks have “dropped drastically” since the start of the war, though “it’s worth pointing out that Iranian forces continue to target innocent civilians in gulf countries, while hiding behind their own people as they launch attacks from highly populated cities in Iran.”

He also addressed the attacks on commercial shipping in the region directly, saying that “for years, the Iranian regime has threatened commercial shipping and U.S. forces in international waters,” and that the U.S. military’s “mission is to end their ability to project power and harass shipping in the Strait of Hormuz.”

Other U.S. leaders called the U.S. war plan — and specifically its approach to protecting the Strait of Hormuz — into question.

In a series of posts to X late Tuesday, which he said followed a two-hour classified briefing on the war, Sen. Chris Murphy (D-Conn.) slammed the administration’s plans as “incoherent and incomplete.”

Murphy wrote that the administration’s goals for the war seemed to be focused primarily on “destroying lots of missiles and boats and drone factories,” and without a clear plan for what to do when Iran — still led by “a hardline regime” — begins rebuilding that infrastructure, other than to continue bombing them. “Which is, of course, endless war,” he wrote.

Murphy also specifically criticized the administration’s plan for the Strait of Hormuz — which he said simply doesn’t exist.

“And on the Strait of Hormuz, they had NO PLAN,” he wrote. “I can’t go into more detail about how Iran gums up the Strait, but suffice it [to] say, right now, they don’t know how to get it safely back open. Which is unforgiveable, because this part of the disaster was 100% foreseeable.”

Ships in the strait remained under threat of various forms of attack Wednesday, as did much of the region as the war raged on.

There was an attack on a U.S. Embassy operations center at Baghdad’s airport, which officials attributed to a drone launched by Iranian proxies based in Iraq. No casualties were reported.

Lebanon’s Health Ministry reported the death toll there — from fighting between Israel and Iranian-backed Hezbollah fighters — had risen to 634 since last week, including 91 children. Another 1,500 people had been wounded, the ministry said.

Iranian authorities have said U.S. and Israeli attacks have killed 1,255 people since Feb. 28. That includes many Iranian leaders, including then-Supreme Leader Ayatollah Ali Khamenei. U.S. officials have said Iranian attacks in the region have killed seven U.S. service members, with another 140 wounded.

CBS News reported Wednesday that dozens of those injuries were sustained by service members in the March 1 Iranian drone attack on a tactical operations center in Kuwait — which is also where six of the seven deaths occurred.

The outlet reported that the attack was more severe than the Trump administration has revealed, with more than 30 military members still in hospitals Tuesday with a range of battle injuries including “brain trauma, shrapnel wounds and burns.”

Threats extended beyond the Middle East, too — including to California, where law enforcement agencies were warned by federal authorities that Iran “allegedly aspired to conduct a surprise attack” on California using drones launched from a vessel off the U.S. coast.

However, sources told The Times that advisory was cautionary and not backed by credible intelligence.

Times staff writer Gavin J. Quinton, in Washington, D.C., contributed to this report.

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Trump warns of consequences at levels ‘never seen before’ if Iran does not remove mines from Strait of Hormuz – Middle East Monitor

US President Donald Trump on Tuesday threatened Iran with unprecedented military consequences if it had placed mines in the Strait of Hormuz and failed to remove them, Anadolu reports.

“If for any reason mines were placed, and they are not removed forthwith, the military consequences to Iran will be at a level never seen before,” Trump wrote on his social media platform Truth Social.

He added that removing the mines would be “a giant step in the right direction.”

Trump, however, also noted that US has “no reports of” Tehran putting out mines in the waterway.

The warning came after a CNN report that Iran has begun laying mines in the strait. Sources told the news outlet that only a few dozen had been placed so far, but Iran still had up to 90% of its small boats and mine-laying vessels intact, leaving it capable of deploying hundreds more.

The Strait of Hormuz is one of the world’s most critical energy chokepoints, with around 20 million barrels of oil passing through it daily. Iran’s IRGC had previously announced the closure of the strait to transit following the start of the US-Israeli attacks on Iran on Feb. 28, pushing oil prices above and raising fears of a prolonged global energy disruption.

The escalation in the Middle East flared since Israel and the US launched a joint attack on Iran on Feb. 28, and to date killing more than 1,200 people, including Ayatollah Ali Khamenei, who was the supreme leader. At least eight US service members have been killed since the beginning of the campaign.

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Not ‘a litre of oil’ to pass Strait of Hormuz, expect $200 price tag: Iran | US-Israel war on Iran News

Warning comes as 400 million barrels of oil are being released from global reserves during waterway’s closure.

Iran’s Islamic Revolutionary Guard Corps (IRGC) says it will not allow “a litre of oil” through the Strait of Hormuz as the closure of the key Gulf waterway continues to roil global energy markets during the US-Israeli war on Iran.

A spokesperson for the IRGC’s Khatam al-Anbiya Headquarters said on Wednesday that any vessel linked to the United States and Israel or their allies “will be considered a legitimate target”.

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“You will not be able to artificially lower the price of oil. Expect oil at $200 per barrel,” the spokesperson said in a statement. “The price of oil depends on regional security, and you are the main source of insecurity in the region.”

Global oil prices have fluctuated wildly this week during continued US-Israeli attacks against Iran, which has retaliated by firing missiles and drones at targets across the wider Middle East.

The closure of the Strait of Hormuz, through which about one-fifth of the world’s oil supplies transit, and production slowdowns in some Gulf countries have raised concerns of further disruptions.

Concerns around the duration of the war, which began on February 28 and has shown no sign of abating, are also adding to uncertainty, sending oil prices soaring.

On Wednesday, three ships were hit by projectiles in the Strait of Hormuz, maritime security and risk firms said, including a Thai-flagged cargo vessel that came under attack about 11 nautical miles (18km) north of Oman.

Release of oil reserves

World leaders, including members of the Group of Seven (G7) and the European Union, have been mulling what action to take in response to the war’s impact on global economies.

Christian Bueger, a professor of international relations at the University of Copenhagen and an expert in maritime security, said Europe will be facing “a major energy supply crisis” if the Strait of Hormuz is not reopened.

“For the shipping industry right now, it’s impossible to go through the Strait of Hormuz,” Bueger told Al Jazeera. “And if there are not stronger signals in the near future that they can at least try to go through the strait, then we are looking at a major shipping crisis, which can last weeks if not months.”

On Wednesday, the International Energy Agency (IEA) announced that its 32 member countries had unanimously agreed to release 400 million barrels of oil from their emergency reserves to try to lower prices.

“This is a major action aiming to alleviate the immediate impacts of the disruption in markets,” IEA Executive Director Fatih Birol said during an address from the agency’s headquarters in Paris.

“But to be clear, the most important thing for a return to stable flows of oil and gas is the resumption of transit through the Strait of Hormuz,” he added.

The reserve supplies will be made available “over a timeframe that is appropriate” for each member state, the IEA said in a statement without providing details.

German Economy and Energy Minister Katherina Reiche said earlier in the day that the country would comply with the release while Austria also said it would make part of its emergency oil reserve available and extend its national strategic gas reserve.

Meanwhile, Japan’s Ministry of Economy, Trade and Industry said it would release about 80 million barrels from its private and national oil reserves.

Japanese Prime Minister Sanae Takaichi said the country, which gets about 70 percent of its oil imports through the Strait of Hormuz, would begin releasing the reserves on Monday.

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White House disputes claim of Navy escort on Strait of Hormuz

March 10 (UPI) — President Donald Trump posted on social media that the United States has destroyed 10 inactive mine-laying vessels on the Strait of Hormuz while the White House cleared up a claim by another administration official.

White House press secretary Karoline Leavitt said Tuesday that the U.S. Navy did not escort an oil tanker through the Strait of Hormuz after Energy Secretary Chris Wright claimed it did on social media.

Leavitt said President Donald Trump may consider using Navy escorts for oil tankers on the strait but that has not happened yet.

“The U.S. Navy has not escorted a tanker or vessel at this time,” Leavitt told reporters during a press briefing Tuesday.

Earlier in the day, Wright posted that the U.S. Navy “successfully escorted an oil tanker through the Strait of Hormuz to ensure oil remains flowing to global markets.”

Leavitt said she was “made aware of this post,” but had not spoken with Wright about it.

The post was later taken down.

The price of crude oil fell below $80 per barrel briefly following Wright’s post. It climbed again after the post was deleted.

Iran has taken measures to close the Strait of Hormuz, a critical oil trade route, since the United States and Israel launched strikes on Feb. 28.

To combat the impact the military conflict with Iran will have on the global oil market, the United States has discussed plans to escort oil tankers through the Strait of Hormuz. However, retaliatory strikes by Iran have demanded more military resources, Wright previously said.

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Hegseth threatens ‘most intense day of strikes’ as Iran war injures about 140 Americans

Some 140 American service members have been wounded since start of the Iran war, with eight of them “severely injured” and receiving medical care, the Pentagon said Tuesday.

“The vast majority of these injuries have been minor, and 108 service members have already returned to duty,” Pentagon spokesperson Sean Parnell said in a statement.

The casualty toll adds to the seven American troops killed so far in the war, which entered its 11th day with no clear sign of slowing down as U.S. officials indicated that the military campaign was likely to intensify.

Iran, too, took new actions that could escalate the conflict, reportedly laying mines in the Strait of Hormuz, a potentially devastating development for the global energy market.

President Trump said that if Iran put mines in the strait and did not remove them immediately, the U.S. military would hit Iran “at a level never seen before.”

“If, on the other hand, they remove what may have been placed, it will be a giant step in the right direction!” Trump wrote on Truth Social.

The warning was yet another escalation that came after Defense Secretary Pete Hegseth said Tuesday would bring the “most intense day of strikes” inside Iran, a fighting tempo that is at odds with Trump’s own assessment that the war is “very complete” and could end “very soon.”

At a Pentagon news conference, Hegseth said “the most fighters, the most bombers, the most strikes” would be deployed, but declined to say how much longer U.S. forces would be expected to fight in the region. He instead said the president will be the one to “control the throttle.”

“It’s not for me to say whether this is the beginning, the middle, or the end. He will continue to communicate that,” Hegseth told reporters.

That deference places the focus squarely on Trump, who a day earlier delivered mixed signals about the duration of the war, telling reporters at one point that the war is “very much complete” and a later time that it is “the beginning of building a new country.”

At a briefing on Tuesday, White House Press Secretary Karoline Leavitt said the U.S. military was “way ahead of schedule” on reaching its objectives in Iran, but reiterated that the president alone will decide what victory looks like.

“President Trump will determine when Iran is in a place of unconditional surrender and when they no longer pose a credible and direct threat to the United States of America and our allies,” Leavitt said.

The president’s shifting positions on the war’s conclusion have played out as Trump threatens to hit Iran “twenty times harder” if it attempts to halt the flow of oil in the Strait of Hormuz, a key channel for the world’s oil supply — and as Democrats in Congress says they are growing concerned about the possibility of Trump sending U.S. ground troops inside Iran.

“We seem to be on a path toward deploying American troops on the ground in Iran to accomplish any of the potential objectives here,” Sen. Richard Blumenthal (D-Conn.) told reporters after being briefed on the Iran war.

When asked about Democrats’ concerns, Leavitt said Trump “wisely … does not rule options out as commander-in-chief.”

“I would hesitate to confirm anything that a Democrat says right now about the president’s thinking,” she added.

U.S. says Iran’s fire power is diminishing

As Washington plans out its next steps, the war has shown little signs of slowing. U.S. military officials say Iran’s military capabilities are eroding under sustained strikes that have targeted “deeply buried missile launchers” and made “substantial progress toward destroying” Iran’s navy.

Hegseth said “the last 24 hours have seen Iran fire the lowest amount of missiles they have fired yet.”

Gen. Dan Caine, chairman of the Joint Chiefs of Staff, told reporters that Iran’s ballistic missile attacks “continue to trend downward 90%” since the start of the war, and that drone attacks have decreased by 83%.

U.S. forces are also targeting Iran’s “industrial base in order to prevent the regime from being able attack Americans, our interests and our partners for years to come,” Caine said.

Caine said the Iranian military is adapting to the U.S. strategy, but remains confident in Washington’s ability to overpower Tehran. “They are adapting, as are we, of course. We have very entrepreneurial war fighters out there,” he said. “We are watching what they are doing, and we are adapting faster than they are.”

Asked whether Iran had proved to be a stronger adversary than anticipated, Caine said: “They are fighting, and I respect that, but I don’t think they are more formidable than what we thought.”

Iran, meanwhile, has refused to bow down to Trump’s demands and has issued warnings of its own.

Ali Larijani, Iran’s top national security official, called Trump’s threat against their targets on the Strait of Hormuz “hollow” and told him that he should instead focus on taking care of himself so that he is not “eliminated.”

Iran’s parliament speaker, Mohammed Bagher Qalibaf, however, said Iran was determined to keep fighting and was “definitely not looking for a ceasefire.”

“We believe that the aggressor should be punched in the mouth so that he learns a lesson so that he will never think of attacking our beloved Iran again,” Qalibaf said.

New attacks on neighbors

Meanwhile, Iran launched new attacks at Israel and gulf Arab countries. In Bahrain, authorities said an Iranian attack hit a residential building in the capital, Manama, killing a 29-year-old woman and wounding eight people.

Saudi Arabia said it destroyed two drones over its oil-rich eastern region and Kuwait’s National Guard said it shot down six drones. In the United Arab Emirates, firefighters battled a blaze in the industrial city of Ruwais — home to petrochemical plants — after an Iranian drone strike. No injuries were reported.

In Tel Aviv, explosions could be heard as Israel’s defense systems worked to intercept barrages from Iran.

Along with firing missiles and drones at Israel and at American bases in the region, Iran has also targeted energy infrastructure and traffic through the Strait of Hormuz, a vital waterway for traded oil, sending oil prices soaring. The attacks appear aimed at generating enough global economic pain to pressure the U.S. and Israel to end their strikes.

Brent crude, the international standard, spiked to nearly $120 on Monday before falling back but was still at around $90 a barrel Tuesday, nearly 24% higher than when the war started on Feb. 28.

“The president and his energy team are closely watching the markets, speaking with industry leaders and the U.S. military is drawing up additional options, following the president’s directive to continue keeping the Strait of Hormuz open,” Leavitt said. “I will not broadcast what those options look like but just know the president is not afraid to use them.”

So far, the president has offered to have the U.S. Navy escort oil tankers.

The White House has insisted that soaring gas prices are temporary, but the shock in the energy markets has already prompted the Trump administration to lift oil-related sanctions on some countries, including Russia.

“We are going to take those sanctions off until this straightens out,” Trump said Monday. “And then who knows, maybe we won’t have to put them on because there will be so much peace.”

The war has created an opportunity for Russia to make gains in Ukraine, as hostilities draw the global spotlight away from Kyiv and its struggle to hold back the bigger Russian army. U.S.-brokered talks between the two adversaries have been sidelined as Washington shifts focus to its war in Iran.

As Russia enjoys economic gains from the war-fueled energy crisis in the Middle East, Russian President Vladimir Putin has been gathering forces for a renewed offensive in eastern Ukraine.

Key air defense systems have already been diverted from Ukraine to the Persian Gulf, and Ukrainian President Volodymyr Zelensky has dispatched drone interceptors to the region and ordered anti-drone experts to pivot from their war with Russia to help Western allies help intercept Iranian attacks.

“At the moment, the partners’ priority and all attention are focused on the situation around Iran,” Zelensky said on X. “We see that the Russians are now trying to manipulate the situation in the Middle East and the gulf region to the benefit of their aggression.”

Times staff writers Gavin J. Quinton and Michael Wilner, in Washington, D.C., contributed to this report, which also includes reporting from the Associated Press.

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U.S. and Israeli war in Iran, which Trump says will be ‘short term,’ has global reach

Dozens of civilians, including children, wounded by an Iranian drone strike in Bahrain. France deploying warships to secure shipping commerce in the Strait of Hormuz. Australia taking heat from President Trump over its handling of the Iranian women’s soccer team. Markets across Asia plunging as the price of oil surged.

Lebanon reporting half a million people displaced by fighting between Israel and Hezbollah. The U.S. State Department telling nonessential staff to get out of Saudi Arabia after attacks there killed workers from India and Bangladesh. Ukrainian anti-drone experts turning their attention from their war with Russia to help intercept Iranian attacks. The defense minister of ever-neutral Switzerland saying his country believes the U.S.-Israeli war violates international law.

In less than two weeks, the Trump administration has instigated a truly global conflict — and with no quick and clear path to resolution, despite Trump insisting to congressional Republicans gathered at his Miami resort Monday that it would be a “short term excursion.”

“Short term! Short term!” Trump said in a bullish speech about the conflict, in which he said “the world respects us right now more than they have ever respected us before.”

“We’re counting down the minutes until they will be gone,” he said of Iran’s remaining leadership, while adding that the U.S. “will not relent” until Iran is “totally and decisively defeated.”

The war is not isolated to Iran, though it has certainly caused devastation there — with more than 1,300 deaths reported and toxic clouds from strikes on fuel depots hovering over Tehran, a city of some 10 million people.

The war’s effects also are not limited to the Middle East, though they are widespread there — as Israel has pushed into Lebanon and Iran has launched a wave of retaliatory strikes on U.S. allies across the Persian Gulf. The fighting has grounded regional air traffic, threatened desalination facilities that provide drinking water to millions and undermined the safe reputation of modern metropolises such as Dubai and Abu Dhabi.

Unlike the recent U.S. incursion into Venezuela to capture and oust President Nicolás Maduro, the U.S. war on Iran has been met with stiff resistance militarily, drawn in a slew of allies, reignited proxy battles, drastically destabilized the oil trade and shifted dynamics between the U.S. and other major powers such as China and Russia.

China, which gets upward of 50% of its crude oil imports through the Strait of Hormuz, has largely stayed out of the conflict, though China’s Foreign Minister Wang Yi said Sunday that the war “should never have happened” and “benefited no one.”

Trump said Monday that the U.S. is less harmed by strait disruptions, and was “really helping China” by securing the strait.

Russia, meanwhile, has emerged the lone winner of energy disruptions in the region, said Robert David English, a UCLA international policy analyst — as the Trump administration considers reducing oil sanctions on Russia to take pressure off of Mideast sources.

Trump said he had a “good talk” with Russian President Vladimir Putin about Iran on Monday. He also said the U.S. was going to suspend sanctions against other countries in order to alleviate strain on oil markets while the Iran conflict persists, but did not provide specifics.

The scope of the war has been dictated in part by Iran, which has historically limited its responses to U.S. strikes but warned after the U.S. bombed its nuclear sites last summer that it would treat any new attacks — large or small — as an act of war, and respond in kind.

Its strikes on U.S. facilities and allies throughout the region reflect that strategy, and are aimed in part at making the war more politically costly for the U.S. by straining global markets and its regional allies, experts said.

However, “you can’t attribute the increasingly global characteristics of the conflict solely to an Iranian strategy, because wars in this region tend to spill over the longer they last, with unintended consequences” including “bringing in all kinds of actors that don’t want to be involved,” said Kevan Harris, an associate professor of sociology who teaches courses on Iran and Middle East politics at the UCLA International Institute.

That can serve as a deterrent to starting wars in the region, he said, but “also makes them more difficult to wind down.”

The surge in oil prices to nearly $120 a barrel Monday — before a remarkable reversal to below $90 by the time U.S. stocks closed — is one of the furthest-reaching effects of the war, and one that clearly had Trump’s attention.

“Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY!” Trump wrote on social media Sunday.

How long prices will remain elevated or volatile is a matter of debate, but Trump’s “short term” projections have been undercut by increasing strikes on oil and gas facilities in the region.

“If you can tolerate oil at more than $200 per barrel, continue this game,” Ebrahim Zolfaghari, a spokesperson for Iran’s Islamic Revolutionary Guard Corps, said Sunday.

Prices at the pump have surged for average Americans, some of whom were attracted to Trump’s candidacy because of his promises to avoid foreign wars and focus on driving down the cost of living for U.S. citizens.

Now, Trump and other administration officials are facing questions about their own role in putting the world at war, and offering various different justifications. They’ve asserted without proof that the U.S. faced an imminent threat of attack from Iran. Trump has repeatedly hinted that his goal was removing the government.

President Trump speaks into a microphone

President Trump speaks at the Republican Members Issues Conference on Monday at Trump National Doral Miami in Doral, Fla.

(Mark Schiefelbein / Associated Press)

In the meantime, Iran has shown no signs of bowing to Trump, rejecting his calls for “surrender” and for him to have a say in naming their next leader. Iran installed Mojtaba Khamenei after Trump said the hard-liner son of the late Ayatollah Ali Khamenei would be “unacceptable.”

The choice was hailed by the president of Azerbaijan and the leader of Yemen’s Houthi rebels, among other allies.

To date, seven U.S. service members have been killed in the conflict, according to U.S. officials. Every day, U.S. taxpayers are on the hook for nearly $1 billion in war costs, according to one estimate. Democrats have slammed Trump for both.

“This war is coming from the same President that is building a $400 million ballroom in the White House. The same President that says $100 for a barrel for oil is worth it. The same President that doubled healthcare premiums for millions of Americans. But we have money for another endless war?” Sen. Alex Padilla (D-Calif.) wrote Monday on X.

Other world leaders focused on the global economic impact.

Traffic through the Strait of Hormuz, which transports about 20% of the world’s oil, has nearly halted, while producers in Saudi Arabia, Iraq, Kuwait and the United Arab Emirates ceased oil operations without open routes for export.

In response, French President Emmanuel Macron suggested French and other allied naval assets could escort oil tankers in the strait, shifting the security burden there from Washington onto Europe, leaving European vessels vulnerable to hostilities and potentially drawing the European Union deeper into the conflict.

Already, they’ve agreed to allow the U.S. to use bases in their territories, though the U.S. and Spain got into a spat after Spain rejected U.S. use of its bases and Trump threatened U.S. trade with the country.

Macron on Monday also threw additional military support behind Cyprus, following a meeting with Cypriot President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis at a Cyprus air base.

France will dispatch an additional 11 warships to operate across the eastern Mediterranean, the Red Sea and the Strait of Hormuz, Macron said, after an Iranian drone struck a British military base on Cyprus on Monday.

“When Cyprus is attacked, it is Europe that is attacked,” Macron said.

Located just 150 miles from Israel in the eastern Mediterranean, the island of Cyprus has emerged as a strategic — and exposed — nerve center in the U.S. offensive against Iran. It hosts vital British military bases and acts as an intelligence, surveillance, and logistics hub in countering Iranian influence and proxy attacks.

Britain’s Defense Secretary John Healey said Monday that the United Kingdom was conducting air defense to support the UAE, and that Typhoon jets had taken out two drones — one over Jordan and the other headed to Bahrain.

Trump suggested Monday that the U.S. was on the path toward victory, but acknowledged it had not accomplished all of its goals.

“We’ve already won in many ways, but we haven’t won enough,” he said — adding the conflict will end “pretty quickly.”

He said Iran had been “very foolish, very stupid” when it attacked its neighbors, hurting its own chances of success in resisting the U.S.

“Their neighbors were largely neutral, or at least weren’t gonna be involved, and they got attacked,” Trump said. “And it had the reverse effect. The neighbors came onto our side, and started attacking them.”

Iran may still attempt to widen the conflict’s economic and geopolitical impact to keep up pressure and push for a ceasefire in its favor, but that could also backfire, said Benjamin Radd, a political scientist and senior fellow at the UCLA Burkle Center for International Relations.

“Iran’s becoming increasingly like North Korea in this sense,” he said, “isolating itself further.”

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France preparing to escort ships in Strait of Hormuz when war calms: Macron | US-Israel war on Iran News

French President Emmanuel Macron has said France and its allies are preparing a “purely defensive” mission to escort vessels through the Strait of Hormuz once the “most intense phase” of the US-Israeli war on Iran ends.

Speaking in Cyprus on Monday, Macron said the “purely escort mission” must be prepared by both European and non-European countries.

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Its purpose “is to enable, as soon as possible after the most intense phase of the conflict has ended, the escort of container ships and tankers to gradually reopen the Strait of Hormuz”, the French president said, without providing further details.

Macron’s comments come as global oil prices have surged amid continued attacks by the United States and Israel against Iran, as well as retaliatory Iranian missile and drone strikes across the wider region.

The war has effectively shut down the Strait of Hormuz, a strategic Gulf waterway through which about 20 percent of the world’s oil supplies pass, while Iranian attacks on energy infrastructure in the Middle East also have raised concerns.

Responding to Macron’s comments, top Iranian security official Ali Larijani said, “It is unlikely that any security will be achieved in the Strait of Hormuz amid the fires of the war ignited by the United States and Israel in the region.”

Larijani added in a social media post that security is also unlikely to be restored as a result of plans designed by “parties that were not far removed from supporting this war and contributing to its fanning”.

While European countries have been largely sidelined as the war escalates, several – including France, the United Kingdom and Greece – have sent military assets to Cyprus following an Iranian-made drone attack on a British base on the island.

Greece has dispatched four F-16 fighter planes to the Paphos airbase and its two state-of-the-art frigates Kimon and Psara are patrolling offshore Cyprus, tasked with intercepting any missiles or drones.

Last week, Macron ordered the French frigate Languedoc to waters off Cyprus to bolster the country’s anti-drone and anti-missile defences.

“When Cyprus is attacked, then Europe is attacked,” Macron said after meeting with Cypriot President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis in Paphos on Monday.

The French president said he would also deploy a total of eight warships, two helicopter carriers and the nuclear-powered aircraft carrier Charles de Gaulle to the Eastern Mediterranean and the wider Middle East region, calling the move “unprecedented”.

France’s objective “is to maintain a strictly defensive stance, standing alongside all countries attacked by Iran in its retaliation, to ensure our credibility, and to contribute to regional de-escalation”, Macron said.

“Ultimately, we aim to guarantee freedom of navigation and maritime security.”

With the closure of the Strait of Hormuz sending oil prices soaring, finance ministers from the Group of Seven (G7) countries met in Brussels on Monday to discuss how to respond.

Crude oil prices have increased by about 50 percent since the US and Israel launched the war last month, with international benchmark Brent crude prices surpassing $100 a barrel on Monday.

French Finance Minister Roland Lescure told reporters that the G7 ministers did not make a decision on the potential release of emergency oil stocks amid the war. “What we’ve agreed upon is to use any necessary tools if need be to stabilise the market, including the potential release of necessary stockpiles,” Lescure said.

Paul Hickin, editor-in-chief and chief economist at Petroleum Economist, said getting the Strait of Hormuz reopened is the main priority. “That’s not going to happen in any shape or form until there’s a resolution to the conflict,” Hickin told Al Jazeera.

He explained that several countries in the Middle East, such as Kuwait and Iraq, are dependent on the strait to get their energy supplies to market.

“Kuwait and Iraq and those producers, they are really having a shut-in, and it will take a little bit of time to get back up and running,” said Hickin.

“That is the big risk, the knock-on effect … Getting those ships back, getting that infrastructure back up and running, it’s a slow process. So prices won’t come back down as quickly as many may think.”

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Timelapse shows change in the flow of ships in the Strait of Hormuz

The Strait of Hormuz is a key artery for the movement of global energy supplies.

Usually, about 20% of global oil and gas passes through the narrow shipping lane in the Gulf.

Iran’s General Sardar Jabbari said that Tehran will now “not let a single drop of oil leave the region”.

A timelapse of marine traffic showed the flow of ships has decreased in the strait since the US and Israeli coordinated military offensive against Iran began on 28 February 2026.

Blocking the strait could further inflate the cost of goods and services worldwide, and hit some of the world’s biggest economies, including China, India and Japan, which are among the top importers of crude oil passing through the waterway.

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US-Iran War Puts Strait Of Hormuz Under Fire, Disrupting Global Energy Trade

Home News US-Iran War Puts Strait Of Hormuz Under Fire, Disrupting Global Energy Trade

US strikes on Iran escalate Strait of Hormuz tensions, spiking energy prices, disrupting trade and heightening global geopolitical risk.

Trade traffic within the Strait of Hormuz has nearly halted as fuel tankers and other shipping remain vulnerable to attacks and are virtually uninsurable, amplifying fears that the US-Israeli war on Iran is turning into a broader global conflict with major economic consequences.

Global energy prices, especially, are a key focus point since the Strait serves as a critical maritime artery for roughly 20% of the world’s oil flows — 70% of that oil goes to China, South Korea, India, and Japan.

Meanwhile, President Donald Trump’s standoff with EU leaders over the use of certain military bases is making an already contentious situation worse.

Chokepoint Under Fire

Iran’s Revolutionary Guards claim total control of the passage just days after US-led airstrikes killed Iran’s Supreme Leader, Ayatollah Ali Khamenei. The UK Maritime Trade Operations Center is actively documenting multiple vessel attacks and electronic interference affecting navigation in and around the Gulf.

A bomb-carrying drone boat struck a Marshall Islands-flagged tanker in the Gulf of Oman, killing at least one mariner, according to the Wall Street Journal, citing Omani authorities.

The economic shock was swift. West Texas Intermediate crude notched its biggest two-day rally since March 2022. European natural gas prices nearly doubled in 48 hours. The biggest jolt came after QatarEnergy halted liquefied natural gas production following attacks on its facilities, sending European gas prices soaring more than 40%. The United States Oil Fund LP rallied over 15% over the past five days.

Analysts are also at odds over whether a total Iranian blockade will occur.

Insurance Vanishes, Ships Stall

“A sustained, structural military blockade by Iran that totally stops ships from passing through is unlikely,” Morningstar Equity Director Joshua Aguilar said. Still, the commercial reality may produce the same effect.

“Ships may not pass through because no insurance is willing to cover them,” Aguilar added

Mutual insurers such as the London P&I Club, NorthStandard, UK P&I Club and Noord Nederlandsche P&I Club provide coverage for vessels navigating volatile regions. If that coverage drops, shipping companies face untenable exposure — effectively freezing commerce even absent a formal blockade.

In response, Trump said on his Truth Social platform that he had ordered the US International Development Finance Corporation to offer political risk insurance and guarantees “for the financial security of all maritime trade, especially energy, traveling through the Gulf.” He also said the US Navy would escort tankers through the Strait.

BIMCO’s Chief Safety & Security Officer, Jakob Larsen, scrutinized the logic of Trump’s plan. Indeed, naval escorts would reduce the threat ships currently face.

“That said, providing protection for all tankers operating in areas currently threatened by Iran is unrealistic,” he says. “This would require a very high number of warships and other military assets.”

CaixaBank, in a research note on Wednesday, issued its own warnings about Iran’s attacks and Strait of Hormuz closures. Energy prices will spike as long as the disruption continues, the firm predicts.

“Iran’s response — expanding the radius of the conflict, effectively closing maritime traffic through Hormuz, and threatening critical infrastructure — is causing a short-term escalation of tensions,” the firm stated. “It remains to be seen for how many days this response can be sustained and what approach will be taken by the new leadership core (and, in particular, by Khamenei’s successor).”

Persistent high prices could prompt hawkish European Central Bank and Federal Reserve moves, increasing economic drag, the firm continued.

Transatlantic Talks Turn Tense

The maritime chaos is unfolding alongside a sharp diplomatic rupture with Europe. Trump on Tuesday threatened to “cut off all trade with Spain” after Madrid refused US access to its military bases. He also criticized the UK’s decision to block the use of Diego Garcia in the Indian Ocean.

“This is not the age of Churchill,” Trump said during a White House meeting with European counterparts. “The UK has been very, very uncooperative with that stupid island that they have.”

The remarks underscore mounting friction within NATO and the broader Western alliance at a moment when coordinated action would be critical to stabilizing markets. Instead, the spat adds another layer of uncertainty to global trade flows already strained by inflation and tariff confusion on the heels of the US Supreme Court ruling against Trump.

Many dealmaking plans are also likely on hold, marking a stark contrast to 2025, the second-highest year on record for transaction value.

“The sentiment was that the stars were aligned” for a similar trajectory in 2026, said Kyle Walters, an analyst at PitchBook.

M&A consultancies such as McKinsey & Company and Bain & Co. had projected sustained M&A growth in 2026 due to energy security priorities, sovereign wealth fund firepower, and supportive fiscal reforms.

Then one weekend changed the narrative. As Walters puts it: “Uncertainty is bad for M&A appetite.”

Tariff ambiguity can slow deals. Inflation complicates financing. Armed conflict in a region central to global energy flows is far more destabilizing.

“In periods of uncertainty, buyers take a step back. They’re in wait-and-see mode,” Walters said, adding that domestic M&A has been “flipped on its head.” Cross-border activity is particularly exposed, with capital flight, currency volatility, and political risk creating an “unopportunistic M&A environment.” European firms considering expansion into the Middle East now face heightened scrutiny; “It has to be an A+ transaction to proceed,” Walters said.

Markets Brace For Escalation

What began the year as a story of alignment and acceleration has become one of recalibration — with capital pausing just as geopolitical risk surges.

BMI, a unit of Fitch Solutions, outlined a short-term scenario in which the US coordinates with Israel to overwhelm Iran and minimize retaliation against US assets and the Strait itself.

But even a limited campaign carries economic consequences.

Abigail Hall, a senior fellow at the Independent Institute, warned that energy markets are likely to bear the brunt. “There are already concerns about shipping and other disruptions — particularly around the Strait of Hormuz,” she said, pointing to “knowledge constraints on the part of policymakers and the presence of misaligned incentives.”

Hall also expressed skepticism that the US-led strikes would produce long-term political transformation inside Iran. “You may have ‘cut the head off the snake,’ but neglected the fact that there were many other vipers in the room,” she said.

Military strikes, she explained, often empower the most extreme factions of a country and produce a “rally-around-the-flag” effects whereby an external attack draws the civilian population toward the existing regime.

“In Iran we’ve seen that military escalation, and the domestic dissent it inspires,” she adds. “It often leads to harsher repression and increased regime control.”

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Trump’s Plan To Escort Ships Through Strait Of Hormuz Would Put U.S. Navy Warships In The Crosshairs

U.S. Navy could soon be escorting commercial ships through the Strait of Hormuz, where maritime traffic has effectively stopped due to the current conflict with Iran, according to President Donald Trump. Doing so would demand that American naval vessels transit through the Strait, shifting them away from other duties. More importantly, it would also mean putting them right in a super weapons engagement zone full of Iranian threats that could include cruise and ballistic missiles, one-way-attack drones, explosive-laden kamikaze boats, and naval mines.

“If necessary, the United States Navy will begin escorting tankers through the Strait of Hormuz, as soon as possible,” President Trump wrote in a post on his Truth Social social media network.

BREAKING: Trump:

Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through… pic.twitter.com/a1wavLcfYU

— Clash Report (@clashreport) March 3, 2026

“Effective IMMEDIATELY, I have ordered the United States Development Finance Corporation (DFC) to provide, at a very reasonable price, political risk insurance and guarantees for the Financial Security of ALL Maritime Trade, especially Energy, traveling through the Gulf,” he also wrote. “This will be available to all Shipping Lines.”

“No matter what, the United States will ensure the FREE FLOW of ENERGY to the WORLD. The United States’ ECONOMIC and MILITARY MIGHT is the GREATEST ON EARTH,” he added. “More actions to come.”

U.S. Central Command declined to comment when reached for more details. TWZ has also reached out to the White House.

The Strait of Hormuz, which links the Persian Gulf and the Gulf of Oman, is just 20 nautical miles across at its narrowest point. A significant portion of the waterway falls within Iran’s national waters, which also overlap with those of Oman to the south. Under normal conditions, maritime traffic flows in and out through a pair of established two-mile-wide shipping lanes. Each year, roughly one-fifth of all global oil shipments, and an even higher percentage of seaborne shipments, pass through this one waterway. It is also a major conduit for liquid natural gas exports. Some 3,000 ships, including tankers and container ships, pass through each month.

Minimal vessel traffic seen in Strait of Hormuz amid reported closure

The latest #MarineTraffic playback shows visibly reduced transit density, alongside holding patterns, slower speeds, and vessels remaining outside the strait as operators reassess risk. pic.twitter.com/pfqk5rcbg8

— MarineTraffic (@MarineTraffic) March 3, 2026

Politico had earlier reported that President Trump’s administration was considering both of these courses of action, citing unnamed sources.

“It’s becoming a growing concern that the energy markets could face pressures in the coming days as the military campaign intensifies and expands in geographic scope,” one individual said to be familiar with the discussions told that outlet. “Access to the Straits [sic] of Hormuz is obviously vital for both natural gas and crude oil shipments, especially from Qatar and Saudi [Arabia].”

Lloyd’s List has also reported that Trump’s announcement came “less than 24 hours after Navy officials told shipping industry representatives that there was ‘no chance’ of escorts happening any time soon.”

Several civilian vessels have already suffered attacks in and around the Strait since the United States and Israel launched their joint operation against Iran this past weekend. Though American officials insist that Iranian forces have been unable to seal off the highly strategic waterway, maritime traffic through it has now come to a near halt amid the ongoing fighting. Some ships appear to be making the transit with the transporters turned off to reduce the chance of being targeted. The real danger of attack has been compounded by insurers cancelling war risk policies ahead of what are expected to be major rate hikes.

🚢 Strait of Hormuz traffic drops to zero

West-to-east crossings averaged ~25–35 per day through February before tankers and container lines began pulling back amid escalating Gulf tensions.

By March 2, Bloomberg daily DSET CHOKE data showed transits at zero after Iran’s… pic.twitter.com/zlhLjl4m8q

— Michael McDonough (@M_McDonough) March 3, 2026

Iranian retaliatory attacks have also been hitting port facilities, as well as energy infrastructure, in multiple Gulf Arab states. As noted, if this situation persists, the potential knock-on effects on global oil and natural gas markets could quickly become severe. Since Iranian authorities have repeatedly threatened to blockade the Strait of Hormuz in the event of a major crisis that threatens the regime, TWZ has explored all of this in detail in the past.

Iranian attack drones struck oil storage infrastructure in Fujairah, UAE, this morning, causing a large fire.

Notably, Fujairah is the only major oil export terminal in the UAE that avoids the now-closed Strait of Hormuz. pic.twitter.com/DdAbVOyRoc

— OSINTtechnical (@Osinttechnical) March 3, 2026

This is not the first time that the United States has been faced with this predicament or decided to start escorting commercial vessels through the region as a result. The U.S. Navy did just this in the late 1980s during the Tanker War sideshow to the Iran-Iraq War. At the same time, that experience underscores the immense amount of resources such a campaign could require, as well as the risks.

At the peak of those operations, there were some 30 American warships escorting commercial vessels to and from the Persian Gulf. Aircraft, special operations forces, and other assets were also deployed in support. The risks to American service members, as well as the ships they were tasked to safeguard, were very real.

Shortly before the escort mission began in 1987, the Oliver Hazard Perry class frigate USS Stark was struck by two French-made Exocet anti-ship cruise missiles fired from an Iraqi aircraft as it sailed in the Persian Gulf. The government of Iraq, then led by Saddam Hussein, apologized, claiming they had mistaken the Americans for an Iranian tanker. In the end, 37 U.S. Navy personnel died, and 21 more were wounded.

The USS Stark burns in the Persian Gulf after being hit by Exocet anti-ship cruise missiles launched from an Iraqi aircraft in 1987. USN

In 1988, the USS Samuel B. Roberts, another Oliver Hazard Perry class frigate, was severely damaged after hitting an Iranian naval mine in the Persian Gulf while supporting the escort mission. 10 sailors were injured, but there were thankfully no fatalities.

Damage to the hull of USS Samuel B. Roberts after it struck an Iranian naval mine in 1988. USN

In the course of the Tanker War, 450 commercial ships also came under attack, and many were damaged or even sunk by missiles, mines, and other threats.

More recently, the U.S. military, as well as the European Union, have established naval task forces to help ensure the free flow of maritime commerce through the Strait of Hormuz, as well as elsewhere in the Middle East. When it comes to Iran, those forces have primarily been called on to respond to attempts to seize ships or otherwise harass them. In the past decade or so, outright Iranian attacks on ships in and around the Persian Gulf have generally been covert and sporadic.

U.S. fires warning shots at Iranian fast boats.




The U.S. Navy released the video below in 2019 in relation to an Iranian covert limpet mine attack on a commercial ship in the Gulf of Oman.

Limpet Mine Attack in the Gulf of Oman: JUNE 13, 2019




Escorting commercial ships through the Strait of Hormuz now would involve U.S. Navy warships sailing right into an extremely high-threat zone in the midst of a conflict that has already taken on a regional character.

In general, the U.S. Navy, as well as commercial shipping companies, have loathed convoy operations despite the benefits they offer. As already noted, these missions can be very resource-intensive, as well as risky. Ships tasked with these missions are then also not available for other duties, including striking targets ashore or helping defend other assets. It can also be very time-consuming to assemble maritime convoys and then escort them to their destination. You can read more about all this in a past TWZ feature here.

The US Navy’s Arleigh Burke class destroyer USS Delbert D. Black fires a Tomahawk land attack cruise missile at an Iranian target on February 28, 2026. USN

For all the lessons the U.S. military learned during the Tanker War, Iran has also significantly expanded the scale and scope of anti-ship capabilities since then, as we regularly highlight. Iran’s missile, drone, and naval forces have been degraded just in the past few days of intensive U.S.-Israeli strikes. How much Iran was able to reconstitute missile and other capabilities in the aftermath of losses during the 12 Day War with Israel last year is also unclear.

Two days ago, the Iranian regime had 11 ships in the Gulf of Oman, today they have ZERO. The Iranian regime has harassed and attacked international shipping in the Gulf of Oman for decades. Those days are over. Freedom of maritime navigation has underpinned American and global… pic.twitter.com/nzdkMVMqZC

— U.S. Central Command (@CENTCOM) March 2, 2026

The Iranian regime’s killer drones have been a menace in the Middle East for years. These drones are no longer a tolerable risk. pic.twitter.com/76yhDKI6OW

— U.S. Central Command (@CENTCOM) March 3, 2026

At the same time, much of Iran’s shorter-range missile and drone arsenal is understood to be untouched, as well as dispersed, making interdiction now more challenging. Yesterday, U.S. Secretary of State and acting National Security Advisor Marco Rubio highlighted these threats and the dangers they pose.

SECRETARY RUBIO: The United States is conducting an operation to eliminate the threat of Iran’s short range ballistic missiles and the threat posed by their navy, particularly to naval assets.

That is what the U.S. is focused on right now and is doing quite successfully. pic.twitter.com/zWKBOLVstH

— Department of State (@StateDept) March 2, 2026

Iranian-backed Houthi militants in Yemen were able to cause massive disruptions in maritime traffic in and around the Red Sea between late 2023 and early 2025 using just a portion of what Iran itself could still potentially bring to bear. The U.S. response to Houthi attacks, which included naval deployments to help safeguard commercial shipping, did provide additional valuable lessons learned. It also underscored very real risks to naval assets in environments full of missile and drone threats, as well as to aircraft, including stealth types, flying overhead.

The Barbados-flagged cargo ship True Confidence burns after being hit by Houthi missiles in 2024. US Central Command

The narrowness of the Strait of Hormuz, as well as the insular nature of the Persian Gulf, creates additional challenges and risks compared to operations in the Red Sea and the Gulf of Aden because there is simply less space to maneuver. Iranian anti-ship cruise and ballistic missiles, as well as one-way-attack drones, can be fired from road-mobile launchers, including ones disguised as civilian trucks, making it even more difficult to find and fix threats in advance. Proximity in the littoral zone to these threats only further reduces the time available to react.

The Iranian regime is using mobile launchers to indiscriminately fire missiles in an attempt to inflict maximum harm across the region. U.S. forces are hunting these threats down and without apology or hesitation, we are taking them out. pic.twitter.com/gv1SfKCrk4

— U.S. Central Command (@CENTCOM) March 3, 2026

Escort operations mean that American warships would need to transit through the highest threat areas repeatedly, as well, which would only give Iranian forces more engagement opportunities. There is a reason why U.S. naval vessels are currently operating well away from the Persian Gulf in the Arabian Sea, as well as the Eastern Mediterranean.

President Donald Trump seen at his Mar-a-Lago estate during the opening phase of Operation Epic Fury against Iran on February 28, 2026. The map seen behind him gives a general sense of where US naval forces are positioned for this operation. White House

U.S. naval facilities, as well as civilian ports, on the opposite side of the Persian Gulf have also come under Iranian attack in the past few days, and would not be guaranteed sanctuaries to shelter in. Iranian retaliatory attacks across the Middle East are already showing the limits of some of the most modern air defense capabilities on Earth, especially when faced with large volumes and/or complex mixtures of disparate incoming threats.

An Iranian one-way attack drone, likely a Shahed-136, filmed scoring a direct hit earlier Saturday on the U.S. Navy’s 5th Fleet Headquarters at Naval Support Activity Bahrain in Juffair, located in Manama, the capital of Bahrain. pic.twitter.com/O9AVD7DmzC

— OSINTdefender (@sentdefender) February 28, 2026

It is possible that U.S. allies and partners could help bolster an operation to protect regional shipping that is sufficiently separate from U.S.-Israeli strikes on Iran. The United Kingdom and France are already conducting defense missions to intercept incoming Iranian threats around the Persian Gulf, as well as in the Eastern Mediterranean. Both of those countries, among others, are also sending more forces to bolster defenses around the region. As already made clear, a protracted upending of oil and natural gas exports from the Arabian Peninsula, as well as Iran itself, will reverberate globally.

US Navy and Coast Guard vessels, including an uncrewed surface vessel, transit the Strait of Hormuz in 2023. USN

TWZ has pointed to this reality in the past as raising key questions about whether the Iranian regime would have the political will, let alone the materiel capacity, to blockade the Strait of Hormuz. For now, though, as we wrote just this morning:

“Increased targeting of Gulf Arab States’ oil and natural gas production is part of a clear Iranian strategy to put pressure on those countries to, in turn, create complications for the United States. As the economic pressure builds, the idea is that these countries will seek to end the conflict, and/or that relations with the U.S. will sour. The prospect of major, long-term disruptions in energy exports from the region has global ramifications, as well, which could bring immense external pressure to end the conflict. There is also the aspect of drawing Arab countries into the conflict, which would complicate it politically and militarily. In addition, some energy targets are not as well defended as U.S. bases in the region, for instance, and scoring hits with the now finite weapons Iran has on hand becomes easier.”

How this will continue to play out, especially if more countries begin to take ostensibly defensive action against Iranian threats, is unknown. There is a very real potential for Iran’s strategy to backfire if the crisis begins to take a toll economically well beyond the Middle East.

U.S. Navy warships escorting commercial vessels through the Strait of Hormuz could help soften those impacts, but not without major risks, as well as the expenditure of significant resources. Risks would remain for shipping companies too, who could still be reluctant to make the transit, especially with uncertain insurance guarantees.

Overall, it remains to be seen how a U.S. mission to get oil and gas flowing again through the Strait of Hormuz might materialize.

Contact the author: joe@twz.com

Joseph has been a member of The War Zone team since early 2017. Prior to that, he was an Associate Editor at War Is Boring, and his byline has appeared in other publications, including Small Arms Review, Small Arms Defense Journal, Reuters, We Are the Mighty, and Task & Purpose.




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Iran blocks Strait of Hormuz, taking hit at global shipping

Remaining regime forces have blocked the Strait of Hormuz after the United States and Israel launched a war against Iran on Saturday morning. An aerial view, taken with a drone, shows a crowd holding a flag during a march and rallyin support of regime change in the Middle Eastern nation. Photo by Ted Soqui/EPA

March 3 (UPI) — The Strait of Hormuz, a waterway that runs alongside Iran and through which roughly 20 percent of the world’s oil supply, in addition to other essential commodities, runs through, has been blocked.

After the United States and Israel launched a war against Iran, blocking the key trade route has been among the reactions that what is left of the nearly half-century-long regime after the attacks were launched over the weekend.

Iranian state media reported Sunday that Iran’s Revolutionary Guard announced it would fire on any ship looking to pass the route as many shippers were looking to avoid the region amid the burgeoning war, NBC News, Barron’s and The Times of Israel reported.

Ships that look to avoid the Strait of Hormuz would be forced to sail around the Cape of Good Hope, which is the southernmost tip of Africa and will add at least several days to anything taking the alternate shipping route.

“If major carriers restrict bookings and vessels reroute round the Cape of Good Hope, you’re adding weeks to global shipping schedules,” Wasel & Wasel managing partner Mahmoud Abuswasel told NBC. “That effectively removes capacity from the system.”

Cutting off access, however, may not entirely cut off shipping along the Asia-to-Europe shipping route, but according to Barron’s, the freeze on moving through the strait is “unprecedented” and most shipping companies have advised their vessels to avoid the situation and seek safe haven.

Travelling south around Africa adds roughly 10 days and may increase costs for shipping companies by 30 percent.

Abuswasel told NBC that stretching transit times by days to weeks can slow down a range of businesses, starting with raw materials showing up late and the dominoes falling from there.

“Manufacturers feel it first, and consumers feel it soon after in the form of delays, tighter inventories and rising prices,” he said.

Senate Majority Leader John Thune, R-S.D., speaks during a press conference after the weekly Republican Senate caucus luncheon at the U.S. Capitol on Wednesday. Photo by Bonnie Cash/UPI | License Photo

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Iran says will attack any ship trying to pass through Strait of Hormuz | Conflict News

Ebrahim Jabari, a senior adviser to the IRGC’s commander-in-chief, reiterates that the Strait of Hormuz is ‘closed’.

A commander in Iran’s Revolutionary Guard Corps (IRGC) has said the Strait of Hormuz is closed and warned that any vessel attempting to pass through will be attacked, according to Iranian state media.

“The strait is closed. If anyone tries to pass, the heroes of the Revolutionary Guard and the regular navy will set those ships ablaze,” Ebrahim Jabari, a senior adviser to the IRGC’s commander-in-chief, said on Monday.

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Tehran has targeted infrastructure critical to the world’s energy production as part of its retaliation for the Israeli and US bombing campaign that began on Saturday and killed Iranian Supreme Leader Ayatollah Ali Khamenei and other senior officials.

“We will also attack oil pipelines and will not allow a single drop of oil to leave the region. Oil price will reach $200 in the coming days,” Jabbari said in a post on the IRGC’s Telegram channel.

“The Americans, with debts of thousands of billions of dollars, are dependent on the region’s oil, but they should know that not even a drop of oil will reach them,” he was also quoted as saying by the semi-official Tasnim news agency.

Rising energy prices

The Strait of Hormuz, which lies between Iran and Oman, is one of the world’s most critical oil transit routes, with roughly 20 percent of global oil supplies passing through it.

Any disruptions there will further send crude prices soaring and raise fears of a regional escalation.

Energy prices already rose sharply earlier on Monday as disruptions to tanker traffic through the strait, and damage to production facilities, raised uncertainty about how the US-Israeli attacks on Iran would affect supply to the world economy.

The biggest shock was to natural gas prices, which rose by almost 50 percent in Europe and nearly 40 percent in Asia as QatarEnergy, a major supplier, halted the production of liquefied natural gas after its LNG facilities were attacked.

Earlier, Saudi Arabia’s Ras Tanura oil refinery also came under attack from drones, and its defences downed the incoming aircraft, a military spokesman told the state-run Saudi Press Agency. The refinery has a capacity of more than half a million barrels of crude oil a day.

In response, the US said it would take action ⁠to mitigate rising energy prices due to the war with Iran, according to US Secretary of State Marco Rubio.

“Starting tomorrow, you will see us rolling out those phases to ⁠try to mitigate against ⁠that… We anticipated this could be an issue,” Rubio said.

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Black smoke pours from oil tanker near Strait of Hormuz | Israel-Iran conflict

NewsFeed

Footage from near the Strait of Hormuz shows a Palau-flagged oil tanker ablaze after what Oman’s maritime security centre said was a hit from an unidentified projectile. At least three ships have been struck in the area. More than 150 others have dropped anchor to avoid entering the strait.

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What Iran’s Naval Exercise With China And Russia In The Strait Of Hormuz Actually Means

As the U.S. flows assets toward the Middle East, including the Gerald R. Ford Carrier Strike Group (CSG) now reportedly off the Moroccan coast, Iran, China and Russia will hold their recurring joint naval training exercise in the Strait of Hormuz, according to Iranian media. Moscow and Tehran see the Maritime Security Belt 2026 exercise as particularly relevant in light of current events, and there are reasons for the White House and Pentagon to take note. Having Russian or Chinese warships in these waters amid a U.S. attack on Iran could have military and political implications planners must address. At the same time, the timing of the still ongoing U.S. buildup and the exercise point to it having more of a messaging effect than an operational one.

The exercise, first held in 2019, is being hosted in the southern Iranian port city of Bandar Abbas, located on the Strait of Hormuz. Russian, Chinese, and Iranian naval units “are expected to participate with various ships and operational capabilities to test coordination, tactical readiness, and rapid-response procedures in the Strait of Hormuz,” the official Iranian Mehr news outlet reported.

U.S. Central Command (CENTCOM) declined to comment on the exercise.

As Iranian and Russian officials gathered Wednesday aboard the Russian corvette Stoiky, a top Iranian official issued a new threat against the growing U.S. Navy presence in the region, which includes the Abraham Lincoln CSG and at least eight other surface combatants. The Ford could arrive in the region in the next four or five days given its location posted by the MarineTraffic ship tracking website. The Navy said only that the ship is now in the Atlantic Ocean.

If the USS Gerald R. Ford keeps her current speed, she will be off the coast of Israel and be able to assist in the defense against an Iranian retaliation by Sunday morning. pic.twitter.com/7OhMJDRxwZ

— Oliver Alexander (@OAlexanderDK) February 18, 2026

“The Islamic Republic of Iran has faced threats, noise, propaganda and the presence of extra-regional fleets in West Asia for 47 years, Iran’s Navy Commander Rear Adm. Shahram Irani warned. “The presence of extra-regional fleets in West Asia is unjustified.”

“If the extra-regional fleet feels it has come with power, it should know that the Iranian people will confront them with greater power,” he added. “The faith of the people and missiles are the Islamic Republic of Iran’s deterrent weapons against the enemy.”

Nikolai Patrushev, a top aide to Russian President Vladimir Putin, framed the exercise as part of a larger struggle between the U.S. and the BRICS alliance, an informal group of 21 nations that includes Russia, China and Iran. Patrushev took aim at the ongoing U.S. and NATO efforts to seize tankers containing Russian oil as well as the ongoing tensions between Washington and Tehran.

“We will tap into the potential of BRICS, which should now be given a full-fledged strategic maritime dimension,” Patrushev posited. “The Maritime Security Belt 2026 exercises in the Strait of Hormuz, where Russia, China, and Iran [will send] their ships, proves to be relevant.”

Both Russia and Iran say the exercise will increase their ability to work together.

“The level of existing interactions and cooperation shows that we can manage and resolve many maritime and coastal issues together,” Captain First Rank Alexey Sergeev, commander of the Russian naval group, said, according to The Telegraph. “We are ready to hold joint exercises in any region, including specialised drills such as anti-maritime terrorism operations that will be executed with vessels and boats from both sides.”

Bandar Abbas is a key Iranian military site located on the strategically and economically important Strait of Hormuz. (Google Earth)

Experts we spoke with say the presence of a small number of Russian and Chinese ships in the Strait of Hormuz and Gulf of Oman does not pose a significant threat to U.S. interests, but could complicate efforts to attack Iran. They also note that this exercise was likely planned months ago, well before U.S. President Donald Trump started threatening Iran over its harsh treatment of anti-regime protesters.

“I don’t believe it increases in any significant way the likelihood of conflict with Russia and China, but it probably would introduce additional considerations for any planned strikes against Iran,” Tom Shugart, an adjunct senior fellow at the Center for a New American Security (CNAS) think tank and a retired U.S. Navy submarine warfare officer told us Wednesday morning. 

“For starters, you’d want to make sure that their sensors don’t give advanced warning of your strike to the Iranians, and you’d want to make sure that those Russian and Chinese platforms aren’t in the way,” he explained. “You’d also of course want to ensure that there is no way they could be inadvertently struck a la USS Stark during the Iraq-Iran Tanker Wars of the 1980s.”

The Stark, an Oliver-Hazard Perry class guided-missile frigate, was hit by two Iraqi Exocet missiles while in the Persian Gulf on May 17, 1987. The strike killed 37 sailors and wounded 21 others.   

The USS Stark after it was struck by two Iraqi Exocet anti-ship missiles in 1987. (U.S. Navy)

Shugart downplayed the timing of the exercise, given that its planning has been in the works for a while.

“I also don’t think that the small number of Russian and Chinese ships involved amount to much militarily relative to U.S. naval forces in the region – though their presence might matter politically, should the administration decide it wants to take military action against Iran,” he explained.

“I don’t think this fundamentally changes anything,” former CENTCOM commander Joseph Votel told us. “It is an easy way for Russia and China to show support after having abandoned Iran last summer.”

Votel, a retired Army General and current distinguished fellow at the Middle East Institute, was referring to last June’s U.S. Operation Midnight Hammer attack on Iranian nuclear facilities and Israel’s 12-Day War against Iran

How the Israel-Iran ‘12-day war’ unfolded




“Certainly the timing makes it seem more provocative,” Votel added. “There is likely also an internal message for regime supporters – pushing back on the U.S. and Israel.”

“I don’t think it raises the threat of conflict,” the former CENTCOM commander surmised. “I view it as a form of great power competition.”

The presence of Russian and Chinese ships near Bandar Abbas, a major center of Iranian military activity, could complicate U.S. targeting if they remain in the area. The coastal city would be a prime target to take out many types of kinetic capabilities, sensors, and other assets, especially Iran’s naval forces. Still, the Chinese and Russian ships should leave at some point and the U.S. would know their location and it doesn’t appear the U.S. is in a place to strike yet. Unless the exercise goes on for weeks, the Russian and Chinese ships will likely have moved on by the time all the pieces are in place for a U.S.-led kinetic operation to begin.

The joint naval exercise follows a more recently planned drill by the Iranian Islamic Revolutionary Guard Corps (IRGC), which has closed off the Strait of Hormuz for a live-fire exercise. It marks the first time Iran has shut parts of the Strait since Trump threatened Iran with military action in January.

Dubbed “Smart Control of the Strait of Hormuz,” the drills began Monday and include firing anti-ship cruise missiles at targets and IRGC naval drone and submarine units carrying out operations originating from the three Iranian islands, according to Iranian media.

“The armed drones used in the exercise—capable of engaging both air and sea targets—are among the IRGC Navy’s newest strategic platforms and are deployed in significant numbers, though their names and technical specifications remain classified,” the official Iranian FARS News outlet claimed.

We’ll have to wait and see how the exercises unfold, especially as the U.S. buildup fully matures. But at this time it seems that the presence of these vessels is more of a political factor than an operational one, at least for the time being.

Contact the author: howard@thewarzone.com

Howard is a Senior Staff Writer for The War Zone, and a former Senior Managing Editor for Military Times. Prior to this, he covered military affairs for the Tampa Bay Times as a Senior Writer. Howard’s work has appeared in various publications including Yahoo News, RealClearDefense, and Air Force Times.




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