PODCAST:
March 13, 2026 ~ Chris Renwick, Lloyd Jackson, and Jamie Edmonds talk with Ben Geman, energy reporter at Axios, about the oil crisis. Geman discusses the Strait of Hormuz closure and global market disruption.
March 12, 2026 ~ Chris Renwick, Lloyd Jackson, and Jamie Edmonds speak with Lucas Tomlinson, Fox News correspondent, live from Dubai, about the ongoing conflict and its regional impact.
IRAN ~ The global oil market continues to be disrupted as the U.S.-Israeli war on Iran continues to intensify.
The latest major disruption of the oil supply chain comes in Iraq, where two oil tankers were attacked by Iran off the Iraqi coast early Thursday. Iraq announced that it has shut down its oil terminals amid heightening violence in the Persian Gulf and the Strait of Hormuz, which was closed off by Iran nearly two weeks ago in retaliation for the U.S.-Israeli military campaign. A large portion of the oil supply chain runs through the strait.
As of Friday morning, 1,444 people have been killed in U.S.-Israeli strikes, including 175 people in a girls’ school that a Pentagon report found was likely struck by the U.S. Israel has also killed nearly 700 people in Lebanon, as strikes intensify in the nation’s capital of Beirut.
Iran continues to target places inside Israel, along with U.S. bases across the region in countries like Bahrain, Kuwait, the UAE, and Saudi Arabia. Following a refueling aircraft crash in Iraq on Thursday, 11 deaths of U.S. soldiers during the war have been confirmed.
