ONGOING · March 1, 2026
Tracking the Iran-Israel-US crisis since the first strikes in March 2026. Strait of Hormuz, global reactions, economic and diplomatic consequences.
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The US-Iran war enters its sixth week with accelerating global economic consequences. The Strait of Hormuz remains closed, oil prices exceed $114 per barrel, and at least 12 countries in Asia and Africa have imposed energy rationing measures. The IRGC has expanded its threats to American universities and officials' residences in Iraq, while Washington faces a command crisis: Defense Secretary Hegseth fired the Army Chief of Staff during active military operations. Trump tells allies to go find their own oil, as South Korea prepares to ban private vehicles if oil reaches $120 per barrel.
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