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U.S.-Israeli Campaign in Iran Sparks Oil Crisis, Casualties Rise

3/14/2026

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Story summary
  • As of March 13, 2026, the U.S.-Israeli campaign against Iran has killed over 2,000 people and disrupted global oil supplies, with prices above $100 per barrel.
  • Iran's new Supreme Leader Mojtaba Khamenei vows to close the Strait of Hormuz.
  • U.S. officials acknowledge a lack of clear objectives, complicating the narrative of victory.
  • The administration is reportedly considering naval escorts for commercial vessels, while rising gas prices strain U.S. President Donald Trump.
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