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Escalating Hormuz Crisis Raises Specter of Prolonged Closure Hopes for quickly reviving trade through the strait are dimming without U.S. naval escorts as Iran steps up attacks By Jared Malsin, Summer Said and Shelby Holliday, WSJ Updated March 12, 2026 The Islamic Revolutionary Guard Corps hit three cargo ships trying to pass through the Strait of Hormuz on Wednesday, including a Thai vessel. Royal Thai Navy/AFP/Getty Images The Strait of Hormuz faces a prolonged closure bec

America’s Strategic Oil Exports Thanks to Paul Ryan’s 2015 deal, U.S. crude is helping the world. By The Editorial Board, WSJ March 11, 2026 5:46 pm ET The International Energy Agency said Tuesday that its 32 member countries will release a record 400 million barrels of oil from their emergency reserves to mitigate supply disruptions caused by Iran. Stockpiles exist for this purpose, but don’t overlook how U.S. crude exports are also providing a strategic oil reserve for the

Freddy Gray makes some excellent points. If the Straits of Hormuz aren't reopened to normal traffic he's absolutely right. However, given the precision our military (along with Israel) has shown planning the elimination of no less than 100 of Iran top leaders, their airforce, air defense and missile systems it's fair to assume the invasion would eventually end up as a chess match over oil supply. Ergo, it's probably no surprise to Voldemort's team that we're here. We also 13