Trump's Iran War Falters as Polls Sour and Oil Markets Quake
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Trump's Iran War Falters as Polls Sour and Oil Markets Quake

12 March, 2026.Iran.7 sources

Key Takeaways

  • Global financial and energy markets are volatile amid the Iran conflict.
  • Trump's poll numbers dropped since launching the Iran war.
  • Iran and proxies conduct cross-region strikes, including attacks on airports and ships.

Trump's Shifting Rationale

CNN noted his technique of sowing confusion was beginning to fail.

Image from Al Jazeera
Al JazeeraAl Jazeera

The Atlantic Council described the campaign as a high-risk gamble with unclear objectives.

The Pentagon estimated the war cost 11.3 billion in the first week.

Iran Retaliates, Gulf Maritime Disrupted

Iran retaliated by closing the Strait of Hormuz and attacking commercial ships and infrastructure.

BBC and Al Jazeera reported Iran's navy deployed sea mines and drilled tunnels.

Image from Atlantic Council
Atlantic CouncilAtlantic Council

French oil giant Total warned the crisis was pushing toward recession.

An Iranian missile struck Dubai's Mall of the Emirates.

Trump Threatens Escalation as Critics Call Exit

Trump threatened that Iran would be hit very hard and claimed the US knocked out 42 warships.

Iran's President Pezeshkian announced neighboring countries would no longer be targeted unless attacked.

Brennan warned Trump's threats are likely to make determining exit criteria more difficult.

Gulf council agreed to open discussions with Iran.

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