APTOPIX Lebanon Israel Iran
A man, left, carries the body of his son, Kassem Younis, who was killed in an Israeli airstrike, during his funeral procession in the southern village of Chehabiyeh, Lebanon, Wednesday, March 11, 2026.
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The U.S.-Israeli war with Iran has become a test of who endures longer. The biggest pressure point appears to be the global economy, as oil prices surge. Iran attacked commercial shipping around the Strait of Hormuz on Wednesday, setting a Thai cargo ship on fire, and Iranian drones also targeted Dubai's airport. The U.S. campaign of airstrikes is now in its 12th day, and Israel is also striking inside Iran while hitting what it says are Hezbollah targets in Lebanon. Separately, an Israeli assessment says Iran’s new supreme leader, Ayatollah Mojtaba Khamenei, was wounded early in the conflict.
Iran has attacked commercial ships and targeted Dubai International Airport. The latest attacks on Wednesday mark an escalation in its campaign to bottle up the oil-rich Persian Gulf as American and Israeli airstrikes pound the Islamic Republic. Iran’s response to the surprise Israeli and U.S. bombardment 12 days ago has upended trade routes, choked supplies of fuel and fertilizer coming out of the Gulf and threatened air traffic through one of the world’s most-traveled regions. Both sides have dug in, hoping to outlast the other. An Israeli intelligence assessment found that Iran’s new supreme leader was wounded at start of the war.
