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MUMBAI, INDIA MARCH 12: The Liberia-flagged crude oil tanker Shenlong Suezmax successfully docked at Mumbai Port after navigating the high-risk Strait of Hormuz amid the intensifying West Asia conflict on March 11, 2026 in Mumbai, India. The vessel, which arrived from Saudi Arabia’s Ras Tanura port, is the first India-bound tanker to pierce the de facto maritime blockade following recent military strikes involving the U.S., Israel, and Iran. (Photo by Raju Shinde/Hindustan Times via Getty Images)

Iran supertanker pushes through strait for China

By Prejula Prem and Bloomberg

US President Donald Trump (L) and Japan’s Prime Minister Sanae Takaichi arrive on board the US Navy’s USS George Washington aircraft carrier at the US naval base in Yokosuka on October 28, 2025. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

Japan says dispatching ships to Middle East faces high hurdles

By Isabel Reynolds, Nicholas Takahashi, and others

A plume of smoke rises after a reported Iranian strike on fuel tanks in Muharraq on March 12, 2026. Oil soared above $100 and stocks sank on March 12 as Iran’s fresh attempts to hit supplies in the Middle East and threats to bring down the global economy overshadowed a record release of strategic crude by the International Energy Agency. Bahrain reported Iran had carried out an attack on fuel tanks in the country, while Saudi Arabia said it had intercepted drones headed to Shaybah oil field and drones struck fuel tanks at Oman’s Salalah port, where operations were subsequently suspended. (Photo by Fadhel MADHAN / AFP via Getty Images) /

Bahrain starts output cuts at world’s top aluminum smelter

By Mark Burton and Bloomberg

Chris Wright, US energy secretary, speaks during a roundtable on a ratepayer protection pledge in the Indian Treaty Room of the Eisenhower Executive Office Building at the White House in Washington, DC, US, on Wednesday, March 4, 2026. President Trump has summoned tech leaders to the White House to sign pledges committing their companies to foot the electricity bill for energy-hungry data centers. Photographer: Bonnie Cash/UPI/Bloomberg via Getty Images

U.S. energy chief signals Iran war may last several more weeks

By Jen Judson and Bloomberg

A photograph shows the damage following a reported drone strike on the US embassy in Baghdad’s fortified “Green Zone” on March 14, 2026. A drone struck the US embassy in Baghdad on March 14, an Iraqi security official said, as an AFP journalist saw smoke rising from the complex. Iraq, long a proxy battleground between the United States and Iran, was quickly dragged into the Middle East war triggered by US and Israeli strikes on Iran on February 28. (Photo by Murtadha RIDHA / AFP via Getty Images)

U.S. calls for Americans to leave Iraq ‘now’ as attacks mount

By Maria Paula Mijares Torres and Bloomberg

WASHINGTON, DC – FEBRUARY 18: Brendan Carr, commissioner at the Federal Communications Commission (FCC), speaks during an open commission meeting at the Federal Communications Commission (FCC) headquarters on February 18, 2026 in Washington, DC. (Photo by Al Drago/Getty Images)

FCC’s Carr threatens TV broadcast licenses over news coverage

By Maria Paula Mijares Torres and Bloomberg

TOPSHOT – HMS Dragon, a Royal Navy Type 45 Daring-class air-defence destroyer warship, is guided by tug boats operated by Serco Marine Services, as departs from HM Naval Base Portsmouth, on the south coast of England, on March 10, 2026. HMS Dragon departed Portsmouth to head to the Eastern Mediterranean to bolster British defences in the region. (Photo by JUSTIN TALLIS / AFP via Getty Images)

Trump calls for countries to send warships to reopen Hormuz

By Arsalan Shahla and Bloomberg

Rescue workers search for survivors in the rubble after a strike in southern Tehran, Iran, Friday, March 13, 2026. (AP Photo/Sajjad Safari)

U.S. hits military targets on Iran’s Kharg Island as war escalates

By Skylar Woodhouse, Catherine Lucey, and others

WASHINGTON, DC – MARCH 11: U.S. Interior Secretary Doug Burgum participates in a panel at the BlackRock Infrastructure Summit on March 11, 2026 in Washington, DC. The global investment management company held the summit consisting of leaders from government, business, and labor to address expanding U.S. infrastructure. (Photo by Anna Moneymaker/Getty Images)

U.S. officials have discussed trading oil futures, Burgum says

By Jennifer A. Dlouhy, Tyler Kendall, and others

MIAMI, FLORIDA – MARCH 09: U.S. President Donald Trump boards Air Force One at Miami International Airport on March 09, 2026 in Miami, Florida. Trump was returning to Washington after meeting with House Republicans at his Doral resort to hash out the party’s economic and foreign policy message ahead of the midterm elections. (Photo by Roberto Schmidt/Getty Images)

Trump says war to end ‘very soon,’ floats removing oil sanctions

By Kate Sullivan, Josh Wingrove, and others

Entrepreneur Christos Marafatsos speaks with Bitcoin businessman Michael Saylor during CPAC-DC at the Gaylord National Resort in Oxon Hill, MD Thursday, 20, 2025. (Photo by Dominic Gwinn / Middle East Images / Middle East Images via AFP) (Photo by DOMINIC GWINN/Middle East Images/AFP via Getty Images)

Strategy buys $1.3 billion of Bitcoin using mostly common stock

By Melos Ambaye and Bloomberg

May 31, 2019 file photo shows, Son of Irans Supreme Leader Ayatollah Ali Khamenei, Mojtaba Khamenei, attends a demonstration to mark Jerusalem day in Tehran. (Photo by Morteza Nikoubazl/NurPhoto via Getty Images)

Iran picks Khamenei’s son as next supreme leader, Fars says

By Patrick Sykes and Bloomberg

BALEDOGLE, SOMALIA – AUGUST 3, 2023: US special operations Navy Seals commandos at Baledogle airfield where they are training Soldiers of the Somali National Army commando force, Danab. August 3, 2023 in Baledogle, Somalia. Danab forces are initially trained by Bancroft Global Development, a U.S. private military contractor, and then trained in specialized skills by US Special Operations Navy Seals Commandos. They are assisting them with skills to fight Al-Shabab Islamic militants. (Photo by Jonathan Torgovnik/Getty Images)

U.S. considers idea of special operation to seize Iran’s uranium

By Jonathan Tirone, Donato Paolo Mancini, and others

TEHRAN, IRAN – MARCH 8: Fire breaks out at the Shahran oil depot after US and Israeli attacks, leaving numerous fuel tankers and vehicles in the area unusable in Tehran, Iran on March 8, 2026. (Photo by Hassan Ghaedi/Anadolu via Getty Images)

Tehran engulfed in fire, smoke and acid rain following strikes

By Golnar Motevalli, Arsalan Shahla, and others

New Horizon crude oil tanker berths at the oil terminal of the port of Qingdao, in China’s eastern Shandong province on March 6, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

Oil market chaos to deepen as more Gulf giants cut output

By Yongchang Chin and Bloomberg