Another container vessel reported being struck by an unknown projectile near the United Arab Emirates on Thursday, a maritime security authority said. Oil prices that had come down earlier in the week after Trump said the war would soon be over blasted back above $100 a barrel. "The only way to see oil prices trade lower on a sustained basis is by getting oil flowing through the Strait of Hormuz," ING analysts said. But he has not fully explained how the war will end, or presented a plan to reopen the blockaded strait. We won," ​Trump told a campaign-style rally in Hebron, Kentucky, on Wednesday.

Source: Irish Independent March 12, 2026 13:09 UTC