News

Oil, War, And The Strait of Hormuz: Can Washington Safeguard Global Energy Markets From Iran?  Radio Free Europe/Radio Liberty

Ships under fire in Strait of Hormuz while US hammers Iranian minelayers  politico.eu

DUBAI, March 11 (Reuters) - Three vessels have been hit by unknown projectiles in the Strait of Hormuz, maritime security agencies and sources said on Wednesday, as one of the strikes led to a fire onboard a ship and forced most of its crew to evacuate it. The Thailand-flagged bulk carrier Mayuree Naree was targeted and damaged approximately 11 nautical miles north of Oman, two maritime security sources said.

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Ships hit in Strait of Hormuz as US, Israel and Iran trade strikes | Morning in America  Yahoo

Thai navy says cargo ship attacked near Strait of Hormuz  South China Morning Post

Opinion: Could a GCC energy embargo halt the US-Israel war on Iran? The US-Israel war on Iran has rapidly deteriorated into a regional crisis, dragging the Gulf Cooperation Council (GCC) states into a war they did not seek. As the fighting intensifies, the GCC countries - Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman - find themselves caught in the crossfire. With Israel pushing the United States into the conflict and Iran adopting a strategy of attrition, the Gulf states are bearing the brunt of the economic and security fallout. In this precarious situation, traditional diplomacy and defensive measures are proving insufficient. However, the GCC possesses a radical, unconventional, and highly effective tool to force an end to the hostilities: a collective and complete halt of all oil and gas exports under force majeure situation. The current dynamics of the war offer no incentives for the primary belligerents to cease fighting. For Israel, the costs remain minimal, as the United States shoulders the heavy lifting of military operations. Read more: Could a GCC energy embargo halt the US-Israel war on Iran? Opinion by Ali Bakir Smoke rises following a strike on the Bapco Oil Refinery, amid the US-Israeli war on Iran, on Sitra Island Bahrain on 9 March, 2026 (Reuters)

Iran has threatened to destroy any ships, including oil tankers, that pass through – but some vessels are still transiting the strait

U.S. destroys mine-laying ships near Strait of Hormuz and an audacious plan to refill the Great Salt Lake: Morning Rundown  NBC News

The Group of Seven advanced economies inched closer Wednesday to tapping strategic oil reserves to tackle the rise in crude oil prices due to the Middle East war as energy ministers said they stood ready to take "all necessary measures". The announcement came before G7 leaders were set to discuss the widespread economic fallout from the US-Israeli war with Iran, now into its second week, at a video conference meeting chaired by French President Emmanuel Macron.

A Thai bulk carrier travelling in the crucial Strait of Hormuz was attacked Wednesday, with 20 crew members rescued so far, the Thai navy said. Photos shared by the Royal Thai Navy showed heavy black smoke billowing from the hull and superstructure of the Thai-registered Mayuree Naree, with life rafts floating in the water. The vessel "was attacked while transiting the Strait of Hormuz" after departing Khalifa port in the United Arab Emirates, the navy said in a statement. "The specific details and cause of the attack are currently under investigation," it added.

Japan and Germany said Wednesday they would tap into their oil reserves to tackle the rise in crude prices due to the Middle East war, with Berlin saying the IEA global energy body had asked member states to release 400 million barrels. France, the current chair of the Group of Seven countries, said nations were coordinating their steps as G7 energy ministers said they stood ready to take "all necessary measures".

Strait of Hormuz conflict makes US economy 'fragile': Paul Krugman  Yahoo Finance

Gulf food supplies rerouted as Iran threats hit Hormuz shipping  Financial Times

Thailand says 3 crew missing from ship hit by projectiles in Strait of Hormuz  The Times of Israel

Cargo ship hit by projectile in Strait of Hormuz while Iran launches fresh attacks on Middle East  Fox News

What is the Strait of Hormuz and why are energy prices rising?  The Times

The Strait of Hormuz is a waterway bordered in the north by Iran that carries about a fifth of the world’s oil supply