← Iran War Today

Conflict Escalates as Israel Hits IRGC Sites and Tankers Struck in Strait of Hormuz

President Trump claims Iranian capabilities are 'largely destroyed' while Tehran maintains defiant resistance on the 13th day of the conflict.

March 12, 2026 at 11:00 PM

The conflict between the U.S.-led coalition and Iran has entered its 13th day with a significant escalation in direct kinetic actions. Israeli forces conducted precise airstrikes against Iranian Revolutionary Guard Corps (IRGC) headquarters and strategic missile sites in central and western Iran. In retaliation, a coordinated missile barrage from Iran and Hezbollah forced millions of Israeli citizens into bomb shelters. The regional instability has drawn in Gulf allies, with nations like the UAE, Saudi Arabia, and Bahrain on high alert as Iranian salvos attempt to deplete regional air defense interceptors. Economic disruptions intensified following reports that three cargo ships were struck by projectiles in the Strait of Hormuz on March 11. These attacks follow previous tanker explosions and have heightened fears of a total disruption to global oil supplies. Within the United States, the financial toll of the war is mounting rapidly; official reports indicate $11.3 billion was spent in the first six days alone, with over half that amount dedicated to munitions. This has prompted discussions of a potential $50 billion congressional funding request to sustain ongoing operations. Despite the intensity of the fighting, President Trump stated at an event in Florida that the military objectives are ahead of schedule and that Iran’s primary capabilities have been neutralized. However, Tehran remains defiant. President Pezeshkian has reiterated three non-negotiable conditions for peace: recognition of sovereign rights, reparations, and security guarantees. While the U.S. asserts that the end of the conflict is imminent, Iranian leadership continues to consult with Russia and mobilize domestic resolve, signaling a commitment to prolonged resistance.

Key Points

Sources