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ABC News

Mar 12, 2026

Oil prices surge and stocks fall as Iran escalates shipping attacks

Global oil prices spiked above $100 a barrel before settling slightly lower.

BBC Front Page

Mar 12, 2026

Questions mount for Hegseth over possible US involvement in strike on Iranian school

Democrats have written to ask the defence secretary whether the US was responsible, but he says the issue is being investigated.

CNBC World News

Mar 12, 2026

The two oil pipelines helping Saudi Arabia and UAE bypass the Strait of Hormuz

Saudi Arabia's East-West pipeline and the UAE's Abu Dhabi Crude Oil Pipeline are thought to be able to help partially offset the Strait of Hormuz blockage.

Int'l Herald Tribune

Mar 12, 2026

How Hegseth Came to See Moral Purpose in War as Weakness

Defense Secretary Pete Hegseth's bellicose and vengeful rhetoric describing the military's war in Iran grew out of his experience in Iraq.

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