Debris and mangled vehicles litter the scene following an Israeli airstrike on an apartment building in central Beirut, Lebanon, Wednesday, March 11, 2026.
According to Reuters, ’’three more merchant ships were struck in the Gulf by unknown projectiles, according to agencies that monitor maritime security, raising the number of ships reportedly hit since the war began to 14.
Crew were evacuated from a Thai-flagged bulk freighter after an explosion caused a fire. A Japanese-flagged container ship and a Marshall Islands-flagged bulk carrier also sustained damage.
Oil prices, which shot up briefly to nearly $120 a barrel on Monday, have since settled around $90, suggesting investors are betting Trump will be able to halt the war and reopen the strait soon.
But governments are still discussing drastic action. The International Energy Agency was expected to recommend releasing 400 million barrels from global strategic reserves, a record.
That would take months and amount to just three weeks’ flow through the strait.’’
