March 10, 2026
Iran’s Revolutionary Guards stated on 10 March that they would maintain an oil blockade in the Strait of Hormuz, a critical global chokepoint, until all attacks on its regional interests and personnel cease. The escalations in the Middle East have already led to sharp increases in oil prices and concerns about a global energy crisis. In response, United States President Donald Trump warned that the US would escalate military strikes if the oil blockade continued. The recent developments heighten the risk of escalated military actions in the Middle East, which could further disrupt commercial shipping and energy supply chains.