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MUSCAT, OMAN - MARCH 22: The Albina Bulk carrier sits anchored on March 22, 2026 at Sultan Qaboos Port in Muscat, Oman.President Donald Trump had threatened to attack Iran's energy infrastructure if it did not end its de facto blockade of the Strait of Hormuz by just before midnight GMT of March 23. A subsequent statement from President Trump said the U.S. and Iran had held "very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East," and that he would postpone any attacks on Iranian energy infrastructure for five days. Maritime traffic through the strait, which conveys about 20% of the world's oil and gas, has mostly come to a halt after the joint U.S.-Israeli war with Iran that began on February 28.
Trump has a labyrinth of bad options in the Strait of Hormuz. Here’s why some warn that walking away could transcend ‘our defeat in Vietnam’

Ceding control of the Strait of Hormuz would represent a U.S. defeat worse than Vietnam, one critic said.

By Jordan BlumMarch 31, 2026
Wall Street just had its best day in nearly a year over a rumor
Wall Street just had its best day in nearly a year over a rumor
By Eva RoytburgMarch 31, 2026
hegseth
‘Go get your own oil’: Trump’s message to allies who haven’t backed war in Iran
By Jon Gambrell, Mike Corder, Darlene Superville and The Associated PressMarch 31, 2026
artemis
NASA is finally going back to the moon, with Artemis II. What took so long?
By Emily A. Margolis and The ConversationMarch 31, 2026
houthi
The Strait of Hormuz crisis is drawing eyes to another point nearby: ‘the Gate of Tears’
By Flavio Macau and The ConversationMarch 31, 2026
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By Sasha RogelbergMarch 31, 2026
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By Jake AngeloMarch 31, 2026
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CommentaryThe real engine of innovation is trust
By Brian DoublesMarch 31, 2026
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Law2 years after Musk challenged Zuckerberg to a cage match, they were texting about DOGE and a joint OpenAI bid, court records reveal
By Sasha RogelbergMarch 31, 2026
U.S. President Donald Trump reacts during a Cabinet meeting in the Cabinet Room of the White House on March 26, 2026 in Washington, DC
EnergyMarkets cheer as Trump threatens to abandon Iran war, but Jamie Dimon sides with allies: ‘Win this thing and clean up the straits’
By Eva RoytburgMarch 31, 2026
schumer
PoliticsDemocrats in disarray as rank and file clash with Chuck Schumer’s plan to run elderly moderates in must-win races
By Joey Cappelletti and The Associated PressMarch 31, 2026
rice's whale
EnvironmentTrump’s plan to drill for oil in the Gulf of Mexico could be foiled by just 50 survivors of a rare whale species
By Tammy Webber and The Associated PressMarch 31, 2026
burgum
EnvironmentWashington’s ‘God Squad’ assembles to debate the fate of a rare endangered whale and drilling in the Gulf of Mexico
By Matthew Brown and The Associated PressMarch 31, 2026
trump
PoliticsIran attacks Gulf, Israeli infrastructure and Trump considers a big strike to wipe out drinking water supplies
By Jon Gambrell, Josh Boak, Mike Corder and The Associated PressMarch 31, 2026
trump
EnergyWhy Trump just can’t talk the oil price down—and why markets and Americans are starting to tune him out
By Josh Boak, Fatima Hussein and The Associated PressMarch 31, 2026
trump
PoliticsAmerica’s Arab allies privately urge America to finish the job in Iran, sources say
By Aamer Madhani, Samy Magdy, Matthew Lee, Sam Mednick and The Associated PressMarch 31, 2026
trump
EnergyGas prices under Trump just hit a benchmark from the Biden inflation era
By Wyatte Grantham-Philips and The Associated PressMarch 31, 2026
Ken Griffin won’t bend the knee to Trump
EconomyKen Griffin won’t bend the knee to Trump
By Jim EdwardsMarch 31, 2026
congress
CommentaryCongress is violating the Constitution—and a $39 trillion debt is the proof
By Steve H. Hanke and David M. WalkerMarch 31, 2026
Photo of Scott Kupor
PoliticsThe federal government shed 385,000 employees last year. Now the Trump administration is on a blitz to hire Gen Z workers
By Sasha RogelbergMarch 31, 2026
Two people stand in front of a sign urging support for California’s billionaire tax
EconomyWealth taxes on billionaires and $30 minimum wages are part of the same plan, advocate says. ‘They should pay their fair share’
By Catherina GioinoMarch 30, 2026
Photo of Jerome Powell
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By Nick LichtenbergMarch 30, 2026
air canada
C-SuiteMark Carney lays down the gauntlet: ‘It is essential that the next CEO of Air Canada is bilingual’
By Rob Gillies and The Associated PressMarch 30, 2026
bondi
LawTrump administration sues Minnesota over transgender athletes in girls sports
By Steve Karnowski and The Associated PressMarch 30, 2026
Elon Musk is escalating his feud with a Delaware judge over a ‘heart’ on a LinkedIn post
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By Jacqueline MunisMarch 30, 2026
Trump said the Iran war was ‘very complete’ three weeks ago. Oil has surged 50% since, and analysts are warning of stagflation
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By Eva RoytburgMarch 30, 2026
bessent
EnergyBessent says U.S. to ‘retake’ Hormuz Strait control, eyes escorts
By Daniel Flatley and BloombergMarch 30, 2026
War against Iran to escalate as we approach six-week ‘TACO’ timetable, analysts say
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By Jim EdwardsMarch 30, 2026
ICE agents called in to help ease airport security lines may not be leaving anytime soon, even after Trump ordered pay for TSA officers
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By John Raby, Matt Sedensky, Rio Yamat and The Associated PressMarch 29, 2026
Tehran briefly loses power after strikes as peace push ramps up
EnergyTehran briefly loses power after strikes as peace push ramps up
By Patrick Sykes, Sherif Tarek and BloombergMarch 29, 2026
The Iran and Ukraine wars have merged into a single conflict, but ‘we are still not at a true world war,’ expert says
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By Jason MaMarch 29, 2026
iran
Cybersecurity‘There are a lot more attacks happening that aren’t being reported’: Iran’s cyber response creeps across the globe
By David Klepper and The Associated PressMarch 29, 2026
sony
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By Matt Ott and The Associated PressMarch 29, 2026
iran
PoliticsIran dismisses diplomatic talks, says any U.S. troops would be ‘on fire’ as soon as they arrive
By Sam Metz, Munir Ahmed, Samy Magdy and The Associated PressMarch 29, 2026
leo
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By Nicole Winfield and The Associated PressMarch 29, 2026
I helped build Facebook and saw it go wrong. AI is headed the same way
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By Justin RosensteinMarch 29, 2026
Senator Elizabeth Warren
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By Shawn TullyMarch 29, 2026
Bruce Springsteen headlines Minnesota ‘No Kings’ rally as anti-Trump protesters march across the U.S. and Europe
PoliticsBruce Springsteen headlines Minnesota ‘No Kings’ rally as anti-Trump protesters march across the U.S. and Europe
By Mark Vancleave, Steve Karnowski, Todd Richmond, John Hanna and The Associated PressMarch 28, 2026
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Economy
Jerome Powell says the $39 trillion national debt is ‘not unsustainable,’ but warns the trajectory ‘will not end well’placeholder alt text
By Fortune EditorsMarch 30, 2026
AI
A man used AI to call 3,000 Irish bartenders to track the cost of Guinness. Now pubs are lowering their prices to competeplaceholder alt text
By Fortune EditorsMarch 30, 2026
Energy
Markets cheer as Trump threatens to abandon Iran war, but Jamie Dimon sides with allies: ‘Win this thing and clean up the straits’placeholder alt text
By Fortune EditorsMarch 31, 2026
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