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By David Lawder and Elizabeth Howcroft PARIS, March 16 (Reuters) - Any potential delay to a planned summit this month between the U.S. and Chinese presidents would not stem from trade or shipping disputes with China but from the possibility that Donald Trump needs to remain in Washington because of the war with Iran, U.S. Treasury Secretary Scott Bessent said on Monday.

Gen. Jack Keane warns US cannot secure Strait of Hormuz alone as Iran tensions surge  Fox Business

Iran’s Foreign Minister Abbas Araghchi says his country has shown it is ready to take the war “as far as necessary".

Gulf importers race to reroute as Hormuz closure jolts supply chains  Reuters

One of the president’s justifications for going to war with Iran could throw a wrench into a long-awaited trial for a top lieutenant of the 9/11 terror mastermind, Andrew Feinberg reports

Trump asks ‘about 7′ countries for help to open the Strait of Hormuz  Military Times

US oil prices could see another day of wild fluctuation as Iran war drags on  The Guardian

Oil and gas price hikes due to the war have rattled the global economy.

Why hasn’t the UK sent warships to the Strait of Hormuz?  The Independent

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Six dead in strike on PMF in western Iraq A strike on Popular Mobilisation Forces (PMF) in Iraq has left six dead near the Syrian border, according to the group. The group has said the "Zionist bombing" had left another four fighters injured in the latest of recent attacks against the group in Iraq. Parts of the umbrella group of paramilitaries that was founded in 2014 are known to be Iran-backed. Another three were killed on Saturday with a further ten in al-Qaim on Thursday.

By imposing costs on the global economy, the Iranian government is ensuring that further attacks are not contemplated The US and Israeli decision to attack Iran has sent economic shockwaves around the world. About 20% of global oil supplies have been effectively blocked from transiting the strait of Hormuz since Iran began attacking ships, resulting in a huge jump in oil prices. Militarily, while the United States has the firepower to significantly reduce Iran’s capacity to use the strait as leverage, it is unlikely to be able to eliminate the threat entirely. Reopening the strait, therefore, is not only a question of military capabilities but of diplomacy, and to negotiate it is necessary to understand what each party to the conflict is trying to achieve. Continue reading...

The US is allowing the purchase of Russian oil that’s stranded at sea after the war on Iran led to higher energy prices.

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Iran war: Why gold prices are not soaring?  dw.com

Iran War Live Updates: U.S. Allies Look at Options to Open Strait of Hormuz After Trump Pressure  WSJ

From the strait of Hormuz to Malacca, global trade relies almost entirely on these five narrow waterways  Yahoo Finance UK

Trump Floats Treason Charges Against Media Outlets Over Iran War Coverage  Truthout

Yair Golan says government lacks plan to end war with Iran, Hezbollah  The Times of Israel

By Ariba Shahid KARACHI, March 16 (Reuters) - Ship-tracking data shows a Pakistan-bound oil tanker passing through the Strait of Hormuz over the weekend, indicating that some countries are able to negotiate safe passage for their vessels despite the U.S.-Israeli war on Iran. Since the war began more than two weeks ago, Iran has attacked several ships in the Gulf, in effect closing the strait, conduit for a fifth of the world's crude oil and liquefied natural gas, and driving up global energy prices. [O/R]