Military warships and jets over the Strait of Hormuz

U.S.-Iran War Escalates: Strait of Hormuz Closed as Oil Prices Surge Past $110

March 28, 2026

The Conflict That's Reshaping the World

The military confrontation between the United States, Israel, and Iran has reached a dangerous new milestone. Iran has officially declared the Strait of Hormuz closed to all U.S.-aligned shipping vessels, triggering an immediate spike in global oil prices past $110 per barrel — a level not seen in years.

Trump Extends Deadline, Calls Operation "Ahead of Schedule"

President Donald Trump confirmed on Friday that the U.S. military operation against Iran is "two weeks ahead of schedule," expressing confidence in the campaign's progress. He extended his ultimatum deadline — giving Iran until April 6 to reopen the Strait or face renewed strikes on its energy infrastructure. This marks the second extension of what was initially a shorter-term deadline.

Over 78,000 Sirens in Israel

Since the war began on February 28, more than 78,000 missile, rocket, and drone attack sirens have sounded across Israel. The northern city of Kiryat Shmona has been among the hardest hit, with Hezbollah launching frequent attacks in support of Iran. The scale of the aerial threat has disrupted daily life and forced thousands of Israelis into bomb shelters on a near-daily basis.

European Allies Push Back

Despite U.S. efforts at the G7 Foreign Ministers' meeting in France, European allies have largely refused to join or endorse the military campaign. The divisions within the Western alliance have deepened, with several NATO members calling for a diplomatic resolution rather than continued escalation.

What This Means for the World

The closure of the Strait of Hormuz — through which approximately 20% of the world's oil supply flows — is sending shockwaves through global energy markets, supply chains, and economies. Southeast Asia, highly dependent on Middle Eastern energy imports, is among the hardest-hit regions. The longer the strait remains closed, the more severe the economic fallout is expected to become.

Stay informed. This story is developing rapidly.

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