Mar 12, 2026
Oil prices again rise over $100 a barrel as Iran threatens long ‘war of attrition’. Plus, San Francisco slashes air pollution Good morning.Iran dramatically escalated its strategy of striking civilian infrastructure and transport networks across the Gulf on Wednesday, attacking commercial ships and targeting Dubai’s international airport as US and Israeli warplanes launched new waves of strikes.Who has borne most of Iran’s strikes? More than two-thirds of Iran’s attacks have been on the UAE. Dubai, a center of global finance and international tourism, is facing an existential threat as foreigners flee.What do we know about the US defense secretary’s attitude toward Iran? A Guardian review of Pete Hegseth’s books, speeches and broadcasts revealed he has voiced extreme antipathy towards Iran for years.Where is the bill now? The House has approved a version of the bill – but the Senate does not have the votes to do so. It would need 60 votes to move forward because of the filibuster rule. Continue reading... ...read more read less
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