← March 13, 2026 briefingWorld
Iran War Drives Oil Past $100 as Gulf Attacks Intensify
Oil has broken the $100-a-barrel barrier as Iranian strikes and ship attacks choke traffic through the Strait of Hormuz, triggering fuel shortages and protests worldwide. The US-Israel military campaign is costing Washington more than $11.3 billion in its first six days alone, and the Pentagon has burned through what officials describe as 'years' worth of munitions — including Tomahawk missiles. Iran has struck a residential area in northern Israel while Israeli strikes have killed Iranian nuclear scientists and hit central Beirut, where nearly 700 people have died so far.
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