Fortune

The Strait of Hormuz is an Iranian ‘kill box,’ preventing the U.S. Navy from securing it right now and letting tankers pass through freely

“Iran has extensive tunnel networks to protect and launch such vessels surreptitiously, including midget submarines and other submersibles useful for mine laying.”

By Jason MaMarch 13, 2026

Trump bragged about gas $2.30 a gallon just a month ago. He’s changed his tune

By Josh Boak and The Associated PressMarch 13, 2026

Wall Street buckles in for a long war as Hormuz remains closed and Trump says he has ‘plenty of time’

By Jim EdwardsMarch 13, 2026

A bomb disposal officer in 1945 pulling a mine from the sea on the South East coast of Britain near Hythe.

Iran’s simplest weapon is now holding the global economy hostage

By Eva RoytburgMarch 13, 2026

Oil and fertilizer prices are climbing. Your grocery bill may follow

By Jake AngeloMarch 13, 2026

Nepali consumers wait in line carrying empty LPG cylinders as they rush to gas depots to refill them as growing tensions in West Asia halt the supply in Kathmandu, Nepal, on March 12, 2026. People wait for hours hoping to refill their gas cylinders. While some manage to purchase filled cylinders, many others return empty-handed as supplies remain limited. The disruption follows the escalating conflict involving the United States, Israel, and Iran, which heightens tensions across the Gulf region. Shipping through the Strait of Hormuz, a key maritime route bordering Iran, the United Arab Emirates, and Oman, is also affected by the conflict, disrupting the transport of gas and petroleum products. The impact is now felt in markets around the world.

Exxon, Chevron, and other US oil and gas producers and refiners hit all-time-high stock values amid Iran war while consumers pay the price

By Jordan BlumMarch 12, 2026

Middle East