Israel carried out more airstrikes on infrastructure in Tehran, as Iran continued to launch retaliatory missiles. (March 16): Iran struck new targets across the Persian Gulf, hitting a key United Arab Emirates oil hub as US allies baulked at US President Donald Trump’s demands to help secure the Strait of Hormuz. Israel carried out more airstrikes on infrastructure in the Islamic Republic’s capital, Tehran, as Iran continued to launch retaliatory missiles. The attacks show there’s no letup in the fighting that began with the US-Israeli alliance’s bombing of Iran on Feb 28. There have been 16 reported attacks on vessels in and around Hormuz since the war began, according to the UK Maritime Trade Operations.

Source: The Edge Markets March 16, 2026 15:29 UTC