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U.S.-Iran Conflict: Maritime Blockade Triggers Energy Crisis Amid Civilian Casualty Probe

Oil prices hit $100 per barrel as the Strait of Hormuz closes, while the Pentagon probes a mass-casualty strike on an Iranian school.

March 12, 2026 at 12:45 PM

The U.S.-led military campaign in Iran has entered its second week, marked by a burgeoning global energy crisis and high-profile civilian casualties. Attacks on three commercial tankers in the Strait of Hormuz have effectively shut down the critical waterway, driving oil prices to $100 per barrel. While President Trump has urged continued use of the route, analysts suggest Iran may maintain the blockade to exert economic pressure and deter further U.S.-Israeli strikes. Simultaneously, the Pentagon has launched a formal investigation into a missile strike at an Iranian girls' school that killed at least 165 civilians. A preliminary assessment identifies the U.S. as responsible. This development follows a dispute over munitions; while the White House characterized the fragments as 'generic,' experts confirmed the debris belongs to U.S.-made Tomahawk missiles, a capability exclusive to U.S. forces in this conflict. On the front lines, the Pentagon reports significant progress in degrading Iran's naval and nuclear infrastructure, including the destruction of over 50 vessels. However, the intensity of the campaign has strained U.S. military stockpiles. The Trump administration is currently seeking $50 billion in supplemental defense funding to address domestic munitions shortages, as defense contractors like Lockheed Martin move to significantly increase production of advanced weaponry.

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