economy
March 11, 2026
Hegseth Warns “Most Intense Day” Of Operation Epic Fury Imminent As IEA Plans “Largest-Ever” SPR Dump
Tehran responded with retaliatory strikes against Gulf neighbors.
TL;DR
- IRGC naval mining operations in the Strait of Hormuz were met with U.S. firepower, destroying 16 mine-laying vessels.
- U.S. strikes have degraded Iran's drone production capacity, with 2,100 Shaheds fired in the 12-day conflict.
- The IEA is reportedly proposing its largest-ever emergency crude oil release to combat rising Brent and WTI prices.
- Overnight reports indicate heavy U.S. and Israeli strikes on IRGC targets, causing damage to oil facilities and other sites.
- Iran claims nearly 10,000 sites have been hit overall, while casualty reports indicate over 1,200 killed in Iran and 13 in Israel.
- The UAE's air defenses are intercepting missile and drone attacks from Iran, with incidents near Dubai International Airport.
- Russia is in contact with Iranian leadership and willing to help stabilize the region.
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