Iran Closes Strait of Hormuz, Economic Fallout Swells From US-Style Strikes
Image: The Hill

Iran Closes Strait of Hormuz, Economic Fallout Swells From US-Style Strikes

13 March, 2026.Iran.3 sources

Key Takeaways

  • U.S. strikes and escalation in Iran continue amid rising confrontation.
  • Trump's Iran victory claim is contested as aims remain unclear.
  • Oil prices and economic fallout accompany the conflict's escalation.

US-Israeli Bombing Kills 213 at Girls School

US-Israeli forces bombed Iran, killing 213 at the Shajareh Tayyebeh girls school in Minab.

President Donald Trump heads toward a troubling crossroads in Iran

CNNCNN

The Iranian Red Crescent reported 532 killed and 2,563 wounded across Iran.

Image from CNN
CNNCNN

AP confirmed the Red Crescent's toll but omitted the school strike.

The Guardian called the school strike the biggest single casualty event documented.

Iran Closes Strait, Oil Surges

Iran closed the Strait of Hormuz in retaliation, sending oil prices above $100 a barrel.

The closure is the war's most significant economic consequence.

Image from The Guardian
The GuardianThe Guardian

The Guardian warned global trade will be crippled.

Bloomberg estimated 17 million barrels per day of exports at risk.

Trump Misses Exit, Congress Probes

Trump announced that US forces would stay in Iran indefinitely.

The Atlantic Council characterized the campaign as a high-risk gamble.

Congressional Democrats demanded briefings.

Only 27% of Americans approved of the strikes.

Pentagon Warned Okinawa Occupation

CNN reports on pragmatic skepticism within the administration.

The Hill catalogs Trump's continuous use of military force across multiple countries.

Image from CNN
CNNCNN

The Guardian highlights contradictory messaging about how long the war will last.

More on Iran