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U.S. Defense Chief Declares Iran Strategy Amid Oil Spike

3/13/2026

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Story summary
  • Defense Secretary Pete Hegseth labeled media reports on U.S. strategy against Iran as 'fake news'.
  • Hegseth claimed the United States would launch its heaviest strikes yet, asserting Iran's military capabilities are severely degraded.
  • Shipping through the Strait of Hormuz remains disrupted due to Iranian attacks, leading to a significant rise in oil prices.
  • Hegseth said the U.S. military's focus is dismantling Iran's missile production and naval power.