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Iran Threatens Oil Shipments Amid Escalating U.S. Conflict

3/13/2026

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Summary

Story summary

Iran threatens to block oil shipments through the Strait of Hormuz in retaliation for U.S. and Israeli attacks, as fighting began February 28, with over 1,230 Iranians and at least seven U.S. service members killed.
U.S. President Donald Trump says the U.S. military has destroyed numerous Iranian naval vessels and is prepared for further strikes.
Oil prices have surged, with Brent crude approaching $120 per barrel.

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Story summary

Iran threatens to block oil shipments through the Strait of Hormuz in retaliation for U.S. and Israeli attacks, as fighting began February 28, with over 1,230 Iranians and at least seven U.S. service members killed.
U.S. President Donald Trump says the U.S. military has destroyed numerous Iranian naval vessels and is prepared for further strikes.
Oil prices have surged, with Brent crude approaching $120 per barrel.