#us-iran-conflict

#us-iran-conflict

Ongoing supply disruptions and fears that the situation will worsen are driving Brent and WTI prices ever higher. Expectations for when oil supplies will return to normal have been pushed back, raising the risk that higher gas prices could stick around longer than expected.

Goldman Sachs raised its Q4 2026 Brent crude forecast to $90 per barrel, citing extreme inventory draws from the prolonged closure of the Strait of Hormuz tied to the ongoing US-Iran conflict.

U.S. House Speaker Mike Johnson described Iran's majority faith tradition, Shiite Islam, as a 'misguided religion' while discussing the ongoing U.S. strikes against Iran on March 4, 2026.

After 40 days of fighting, the United States and Iran agreed to a two-week ceasefire, with negotiations expected to begin in Islamabad. One key point in Iran's proposal is allowing shipping to resume through the Strait of Hormuz, which has been closed since the war began, causing global oil prices to soar.

The longer this conflict goes on, the more devastating its impact will be on the world's energy supplies, inflation and economic stability. Every extra week of disruption raises costs for consumers and businesses while growth slows.

Due to the airspace closure in Bahrain, Gulf Air's scheduled services to and from Bahrain International Airport remain temporarily suspended. The airline currently operates temporary commercial flights to and from Bahrain via King Fahad International Airport in Dammam.

Turkish Airlines has cancelled the majority of its Middle East flights until the end of March, as the conflict between the US and Iran continues to wreak havoc on international travel.

We turned down the request to maintain Sri Lanka's neutrality, he added to applause. The US-Israeli war on Iran has sparked widespread concern globally, as Iranian missile and drone attacks across the wider Middle East have sent energy prices soaring and fuelled fears of a widening conflict.

Trump is expected to raise the issue of warships when he meets with Japanese Prime Minister Sanae Takaichi at the White House on Thursday, according to Al Jazeera correspondent Jack Barton. People do expect him to put pressure on Takaichi again to send warships to the Strait of Hormuz. It makes sense in a way because Japan is so dependent on energy supplies from the Middle East.

In a March 13 post on Truth Social, Trump announced the U.S. Central Command completed "one of the most powerful bombing raids in History of the Middle East" when it "totally obliterated" military targets on Iran's Kharg Island. Even though he says the U.S. military left the oil assets alone, he threatened to strike those, too, if Iran continued to block the safe passage of ships and large oil tankers through the Strait of Hormuz.

Gabbard said in written testimony to the Senate intelligence committee, referencing the June 2025 US strikes on Iran's nuclear facilities, Iran's nuclear enrichment program was obliterated. There have been no efforts since then to try to rebuild their enrichment capability, Gabbard said in the written testimony.

After much reflection, I have decided to resign. I cannot in good conscience support the ongoing war in Iran. Iran posed no imminent threat to our nation, and it is clear that we started this war due to pressure from Israel and its powerful American lobby.