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Iranian-linked ships carrying Russian oil were among those that received temporary exemptions from sanctions, a sign of how dire the energy crisis is becoming.
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US embassy in Iraq hit by drone strike as EU leaders call for de-escalation in Lebanon BBCIran-US war latest: Trump lashes out at Nato while US embassy in Iraq attacked The IndependentDrones, rockets fired at US embassy in Baghdad, security sources say ReutersLive updates: Iran war; US embassy in Baghdad targeted again as Iran keeps up oil field strikes CNNFPV Drone Attack On U.S. Victory Base In Iraq Is A Stark Warning
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Why Trump's Kharg Island attacks could make the oil crisis worse AxiosTrump's warning over Kharg Island raises the stakes for Iran's oil exports CNBCGulf States Intercept New Missiles and Drones as Iran Threatens to Widen War Military.comUS 'locked and loaded' to destroy Iran's 'crown jewel' 'if we want,' Trump warns
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The outlook for the U.S. economy will continue to darken as long as the Strait of Hormuz remains effectively closed to oil-tanker traffic, even though the U.S. now produces about as much oil and natural gas as it consumes.
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As the broader war in the Middle East begins its third week, worries over the fallout of crippled energy supplies continue to roil markets.
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Wall Street bets on a March end to the Iran conflict — but Tehran is playing for a November U.S. regime change.
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