Strike

A strike on the heavily fortified United States embassy compound in Baghdad caused a fire and damage to the complex. It is the second attack on the embassy since the United States and Israel launched strikes on Iran on February 28.

WASHINGTON — Six American airmen deployed to operations against Iran were killed after their refueling aircraft crashed in western Iraq, U.S. Central Command said Friday, bringing the U.S. death toll in the war to 13, as Defense Secretary Pete Hegseth announced the heaviest day of strikes yet.

The crash involved two aircraft in “friendly airspace,” the Pentagon said, adding that the other plane landed safely. The downed KC-135 refueling tanker is the fourth U.S. aircraft to crash during the war against Iran.

“American heroes, all of them,” Hegseth said at the Pentagon on Friday. “We will greet those heroes at Dover and their sacrifice will only recommit us to the resolve of this mission.”

Central Command said the incident is under investigation but was “not due to hostile or friendly fire.”

During the briefing, Hegseth described the Iranian leaders as “desperate” and “cowering” underground like rats. He said Iran’s Supreme Leader Ayatollah Mojtaba Khamenei “is wounded and likely disfigured,” but gave no intelligence to support the claim.

Khamenei has not been seen in public since he rose to leadership, but issued his first public statement Thursday vowing retaliation against U.S. and Israeli attacks, promising that Tehran will continue to choke off the world’s most crucial oil route — the Strait of Hormuz.

“Our revenge will be never ending, not only for the late supreme leader, but also for the blood of all of our martyrs,” he said.

The defense secretary said Friday would see Iran hammered with the heaviest round of air strikes yet seen in the two-week U.S.-Israeli operation that has razed buildings, complexes and factory lines all across Iran, killing at least 1,348 civilians, according to Iranian officials.

“No quarter, no mercy for our enemies,” Hegseth said.

And while Hegseth insisted that fighting will cease when the U.S. defeats Iran’s naval, missile, and nuclear weapons capabilities, President Trump’s public statements continue to sow doubt that the White House and Pentagon are aligned on the objectives of the mission.

Asked Friday by Fox News when the war might end, Trump said, “When I feel it — feel it in my bones.”

Iran’s blockade of the strait remains Tehran’s foremost leverage against its Western adversaries, and a serious political bane for Trump. The International Energy Agency warned Thursday that conflict has created “the largest supply disruption in the history of the global oil market,” which has sent oil prices surging 40% to $95 a barrel since Feb. 28.

Some 1,000 ships remain stranded in the Persian Gulf, many of them energy tankers that have been unable to carry oil and gas shipments from the Middle East to importers across the globe. Vessels that have attempted to traverse the embattled channel have been destroyed in Iranian attacks. Hegseth described Tehran’s strategy as “an act of desperation.”

The United Kingdom Maritime Trade Operations on Friday reported 20 incidents affecting vessels operating in and around the Arabian Gulf, Strait of Hormuz and Gulf of Oman in March.

Drone and missile attacks continue to assail gulf states, threatening to draw more players into the conflict. Thick black smoke was seen rising over Dubai’s skyline Friday after debris from an intercepted Iranian drone strike caused a fire and minor damage to a building within the Dubai International Financial Centre, according to the Dubai Media Office.

Europe has become increasingly involved, too. U.S. long-range bombers have begun flying offensive missions from British airbases, even as U.K. Prime Minister Keir Starmer explicitly permitted U.S. forces to use the bases “for defensive purposes only.” Starmer initially refused to cooperate in American hostilities in any capacity, but changed his approach after he drew criticism from Trump, who said, “He’s no Winston Churchill.”

The U.K., France, and Italy each deployed naval assets to the Eastern Mediterranean island of Cyprus, situated just 125 miles from Lebanon, after Iranian drone strikes hit U.K. bases. The island has emerged as a strategic — and exposed — nerve center in the U.S. offensive against Iran.

Meanwhile, Israel said Friday its strikes are “continuing and intensifying” in Lebanon and Iran. The Israel Defense Forces issued new evacuation orders in southern Lebanon on Thursday after overnight airstrikes in Beirut triggered retaliatory missile and drone attacks by the Iran-backed militant group Hezbollah.

Eight civilians were killed and nine others were wounded in attacks on the Lebanese city of Sidon on Friday, according to Lebanon’s Health Ministry. More than 100 children have been killed in the Israeli assault, the ministry said.

A Lebanese father mourned the death of his four daughters, mother, father, brother-in-law and nephew, after they were killed in an Israeli attack. Israel has killed at least 770 people in Lebanon since last Monday. Around 750,000 have been forcibly displaced.

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WASHINGTON — Iran’s new supreme leader, Mojtaba Khamenei, vowed retaliation Thursday against the United States and Israel and signaled that Tehran will continue to choke off the world’s most critical oil route, as the war strained global energy markets and raised new security concerns in the United States.

In his first public remarks since U.S.–Israeli strikes killed his father, former Supreme Leader Ayatollah Ali Khamenei, Mojtaba Khamenei swore revenge. The new leader, notably, did not appear in person for the televised statement. Instead, his written words were read aloud on Iranian state media.

“We will never retreat and vow to avenge the blood of our martyrs,” he said. “Our revenge will be never ending, not only for the late supreme leader, but also for the blood of all of our martyrs. … Those who killed our children will pay the price.”

The new leader expressed condolences to families who lost children in a strike on a girls school in Minab that killed more than 165 people, many of them children. He also warned that the war could expand, declaring that the continuation of the conflict “depends on the interests of the parties.”

The Associated Press, citing two sources, reported that outdated intelligence likely led to the United States carrying out the deadly missile strike on the elementary school. U.S. Central Command relied on target coordinates for the strike using outdated data provided by the Defense Intelligence Agency, according to a person familiar with the preliminary finding.

Khamenei indicated that Tehran would maintain its blockade in the Strait of Hormuz, a key choke point through which 20% of the world’s oil supply is shipped. He also said he believes in friendship with his country’s neighbors, but that attacks on U.S. military installations in the region will continue. He described maintaining pressure on the passage as a necessary part of Iran’s war strategy.

His remarks came as attacks continued to disrupt shipping and energy infrastructure across the Persian Gulf. The war sent oil up 10% Thursday as hostilities in Iran drag on.

Reports from the region said Iranian forces have intensified strikes on vessels attempting to pass through the Strait of Hormuz, leaving hundreds of ships stranded at its entrances and rattling global oil markets.

Two oil tankers were struck by explosives in Iraqi waters near the port of Basra. The Islamic Revolutionary Guard Corps claimed responsibility for the attacks, which killed at least one crew member and set both vessels ablaze, according to the Associated Press. A third unnamed vessel was reported to have been struck by an “unknown projectile” near Dubai and Jebel Ali, causing a small fire, the United Kingdom Maritime Trade Operations reported.

The latest incidents come after drone strikes targeted fuel storage facilities across the Gulf, including at energy sites in Bahrain and at the port of Salalah in Oman, an important hub for tankers seeking to bypass the Strait.

“They will pay the price. We will destroy their facilities,” Khamenei said. “It is necessary to continue our defensive activity, including continuing to close the Strait of Hormuz.”

Caracas, March 11, 2026 (venezuelanalysis.com) – Energy conglomerates Chevron and Shell are reportedly securing major oil deals in Venezuela following the recent pro-business reform of the country’s Hydrocarbon Law.

According to Reuters, joint venture Petropiar, where Chevron holds a minority stake, will expand its operations into the Ayacucho 8 bloc of Venezuela’s Orinoco Oil Belt. 

Venezuelan state oil company PDVSA completed exploration and appraisal of the 510 square-kilometer area located south of Petropiar’s current operations, but its development has been limited. Under the agreement, Chevron looks to significantly expand its extra-heavy crude output from the Orinoco Oil Belt, which holds three-quarters of Venezuela’s oil reserves.

Chevron is reportedly looking to secure reduced royalties and taxes under the recently reformed Hydrocarbon Law in order to launch operations in the new area. Petropiar currently produces 90,000 barrels per day (bpd) of upgraded Hamaca crude. PDVSA’s joint ventures with Chevron have a total present output of around 250,000 bpd.

In January, Venezuela’s National Assembly approved a legislative overhaul that significantly improved conditions and benefits for private corporations in the oil and natural gas sector. Royalty and income tax levies, previously set at 30 and 50 percent, respectively, can now be slashed at the Venezuelan executive’s discretion.

In addition, joint venture minority partners can directly manage crude operations and sales, while legal disputes can be taken to international arbitration instances. Furthermore, PDVSA can also lease out projects to private operators in exchange for a percentage of the oil output.

Under the latter model, Shell is reportedly set to take over operations in PDVSA’s Punta de Mata division in eastern Monagas state, one of the most historically productive and profitable regions for Venezuela’s oil industry. The division produced over 400,000 bpd of light and medium crude grades in the 2000s but recent production was around 90,000 bpd.

The London-based multinational, which had a strong presence in the Venezuelan energy sector throughout the twentieth century, is likewise interested in capturing and processing natural gas that is currently flared in oil extraction processes. 

Shell is additionally set to lead the Dragon offshore natural gas project alongside Trinidad and Tobago’s National Gas Corporation (NGC) in Venezuelan waters. The Nicolás Maduro government had suspended all joint initiatives with Trinidad due to its administration’s support for Washington’s Caribbean military buildup and threats against Venezuela last year.

Since the January 3 US military strikes and kidnapping of President Maduro, the acting Venezuelan authorities led by Delcy Rodríguez have fast-tracked a diplomatic rapprochement with the Trump administration while also vowing to “adapt” legislation to attract foreign investment. Following the hydrocarbon reform, a new mining law has also been preliminarily approved by the Venezuelan parliament.

US Energy Secretary Chris Wright and Interior Secretary Doug Burgum have visited Venezuela in recent weeks and hailed the investment opportunities in oil and minerals for US conglomerates.

Since January, the Trump administration has taken control of Venezuelan oil exports, with crude shipments handled by commodity traders Vitol and Trafigura and proceeds deposited in accounts run by the US Treasury. US authorities so far have only returned US $500 million, out of a reported $2 billion agreement, to the Caribbean nation.

The White House has also issued a number of licenses in an effort to boost US involvement in the Venezuelan energy sector, including limited waivers to export inputs and technology. In addition, Washington has allowed several corporations to negotiate agreements with Caracas while mandating that contracts be subject to US jurisdiction and that all royalty, tax and dividend payments be made to US Treasury-run accounts.

Alongside Chevron and Shell, the other companies with early access to the Venezuelan energy sector are BP, Eni, Maurel & Prom, and Repsol. The latter two held meetings with Rodríguez in February to discuss investment opportunities, while ExxonMobil has announced plans to send a delegation to the country in the coming weeks.

Venezuela’s oil production rebounded in February, with OPEC secondary sources registering an output of 903,000 bpd, up from 823,000 bpd in January. A US naval blockade since December had forced PDVSA to cut back production before exports began to flow again under Washington’s control. The oil sector remains under US financial sanctions.

For its part, PDVSA reported a February output of 1.02 million bpd, up from 924,000 bpd the prior month. The direct and secondary measurements have differed over time due to disagreements over the inclusion of natural gas liquids and condensates.

Edited by Lucas Koerner in Fusagasugá, Colombia.

A residential building in central Beirut was seen with flames erupting from a hole in its side after what appears to have been another Israeli strike.