Oil plunges 10% as Trump warns to hit Iran 'twenty times harder' if it blockades Strait of Hormuz

Summary

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Updates

Update at 03:34 UTC on 2026-03-10

Reuters Energy reported Iran maintains its oil blockade amidst escalating tensions, while Trump warns of increased retaliation.

Sources: Reuters Energy

Update at 04:30 UTC on 2026-03-10

France 24 reported Iran's Revolutionary Guards vow to block oil exports amid escalating US-Iran conflict.

Sources: France 24

Update at 04:53 UTC on 2026-03-10

DW News reported US President Donald Trump threatened Iran with further attacks if it stops oil flow through the Strait of Hormuz.

Sources: DW News

Update at 23:16 UTC on 2026-03-10

France 24 reported The U.S. military has eliminated 16 Iranian mine-laying vessels near the Strait of Hormuz, according to U.S. Central Command.

Sources: France 24

Update at 03:37 UTC on 2026-03-11

Le Monde reported Iran's Revolutionary Guards claim responsibility for missile strikes targeting Israel and US interests in the region.

Sources: Le Monde

Update at 03:41 UTC on 2026-03-11

CNBC reported U.S. President Trump warned of military consequences if mines were not removed from the strategic waterway.

Sources: CNBC

Update at 05:30 UTC on 2026-03-11

EuroNews reported Washington claims to have neutralized Iranian vessels amid escalating tensions over oil transport in the Strait of Hormuz.

Sources: EuroNews

Update at 05:30 UTC on 2026-03-11

France 24 reported Tensions in the Middle East escalated as the US destroyed 16 Iranian mine-laying vessels, prompting Iran to threaten regional oil exports.

Sources: France 24

Update at 09:45 UTC on 2026-03-11

NPR News reported Attacks and counterattacks continued throughout the Middle East Wednesday. Two cargo ships were struck in the Gulf, as some lawmakers in Washington pressed for answers on the war's rationale.

Sources: NPR News