Mar 11, 2026
What to KnowThe International Energy Agency said today that member countries unanimously agreed to release 400 million barrels of oil from their reserves in a bid to ease prices, though the move failed to drive them down.The Department of Energy then said the United States would contribute 172 mil lion barrels of oil from the Strategic Petroleum Reserve, starting next week, in further attempt to curb high gas prices.Three ships were attacked in the Strait of Hormuz today, a British navy-run monitoring service said, the latest in a flurry of attacks on the vital oil choke point.Pentagon officials told senators at a closed-door briefing yesterday that they believe the first six days of the war in Iran were estimated to have cost more than $11.3 billion, three sources familiar with the briefing told NBC News.Outdated intelligence likely led to a deadly missile strike on an elementary school in Iran, according to four sources familiar with an internal U.S. military investigation’s preliminary findings.Iran’s sports minister said the country could not take part in the World Cup later this year because its players would not be safe in the United States.Iran’s new Supreme Leader Ayatollah Mojtaba Khamenei has been wounded in the war, according to both Iranian and Israeli officials. ...read more read less
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