Strait of Hormuz – Page 47 – War Watch

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World Leaders Will Release 400 Million Barrels of Oil to Stabilize Prices
ByRebecca F. Elliott, Hisako Ueno and Jim Tankersley March 11, 2026March 11, 2026

The members of the International Energy Agency will release 400 million barrels of oil, the largest such coordinated action on record.

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IEA orders largest ever release of stockpiled oil to reduce crude price
ByJoanna Partridge March 11, 2026March 11, 2026

Members agree unanimously to release about 400m barrels amid market volatility caused by Iran warBusiness live – latest updatesMiddle East crisis live – latest updatesThe International Energy Agency has ordered the largest release of government oil res…

Read More IEA orders largest ever release of stockpiled oil to reduce crude price
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Three merchant ships struck as tensions rise in Hormuz strait amid Iran war
ByMark Saunokonoko and agencies March 11, 2026March 11, 2026

Crew of Thai-registered bulk carrier forced to flee fire, as US says it has destroyed 16 Iranian mine-laying vesselsMiddle East crisis live – latest updatesThree merchant ships have been struck in and around the strait of Hormuz, including a Thai regis…

Read More Three merchant ships struck as tensions rise in Hormuz strait amid Iran war
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US orders petroleum reserve release in bid to calm markets – as it happened
ByEva Corlett March 11, 2026March 12, 2026

This blog is now closed- follow the latest news and live updates in the Middle East crisis hereMiddle East crisis live updatesOver in Senate question time, the foreign affairs minister, Penny Wong, has confirmed embassies in Abu Dhabi and Tel Aviv and …

Read More US orders petroleum reserve release in bid to calm markets – as it happened
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How Trump and His Advisers Miscalculated Iran’s Response to War
ByMark Mazzetti, Tyler Pager and Edward Wong March 11, 2026March 11, 2026

In the lead-up to the U.S.-Israeli attack, President Trump downplayed the risks to the energy markets as a short-term concern that should not overshadow the mission to decapitate the Iranian regime.

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War in Iran Could Lead to Food Shortages in Region, Experts Warn
ByRaja Abdulrahim March 10, 2026

Some residents of Lebanon, Gaza and Iran are reporting shortages of food, rising food prices and other disruptions to food supplies as the conflict in the Middle East continues.

Read More War in Iran Could Lead to Food Shortages in Region, Experts Warn
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Rising Fuel Costs Pressure Airlines and Truckers
ByNiraj Chokshi, Emmett Lindner and Peter Eavis March 10, 2026March 10, 2026

The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.

Read More Rising Fuel Costs Pressure Airlines and Truckers
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Trump Seeks to Calm Oil and Gas Markets but Says Iran War Will Go On
ByLuke Broadwater March 10, 2026March 10, 2026

The president said the U.S. could accompany tankers through the Strait of Hormuz if necessary to keep oil flowing. “We’ve already won in many ways, but we haven’t won enough,” he said.

Read More Trump Seeks to Calm Oil and Gas Markets but Says Iran War Will Go On
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France Is Sending a Large Naval Force to the Middle East
ByCatherine Porter and Ana Castelain March 9, 2026March 9, 2026

President Emmanuel Macron said the warships would help protect France’s allies in the region, and could be part of a force to escort ships through the Strait of Hormuz. He said the war could continue for “several days, maybe several weeks.”

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G7 Countries Hold Off on Releasing Emergency Oil Supplies
ByRebecca F. Elliott and Aurelien Breeden March 9, 2026

Finance ministers for the seven industrialized countries met on Monday and said they would consider releasing oil from reserves but were not ready to do so now.

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