In a brief call with Barak Ravid of Axios today, President Donald J. Trump said “The war is going great. Threats from Iran have bottled up oil in the Persian Gulf, and suppliers are shutting down operations because their storage facilities are full. The average price of gasoline in the U.S. has jumped nearly 60 cents a gallon since Trump launched attacks against Iran. The school building had been part of an adjacent Iranian military base years ago, and it appears the U.S. used outdated information in their targeting of the building. —Notes:https://www.axios.com/2026/03/11/trump-iran-war-end-withdrawalhttps://www.axios.com/2026/03/10/hormuz-strait-mines-war-trumphttps://www.theguardian.com/news/2026/mar/11/us-iran-strait-of-hormuz-mine-boat-attacksMorgan Phillips, “US destroys 16 Iranian mine boats as Strait of Hormuz oil showdown escalates,” Fox News, March 11, 2026.https://www.newsweek.com/strait-of-hormuz-opening-donald-trump-iran-mines-11661502https://apnews.com/article/iran-us-israel-war-attrition-analysis-5d7e50c3a6da57414bbf4a5e255e4a7ehttps://www.wsj.com/politics/casualties-and-the-cost-of-war-c221c633https://www.washingtonpost.com/national-security/2026/03/10/us-troops-wounded-iran-war/https://www.reuters.com/business/energy/us-gasoline-prices-surpass-350-gallon-pumps-iran-war-rages-2026-03-11/https://www.cnn.com/2026/03/11/business/price-oil-trump-gas-warhttps://apnews.com/article/iran-us-israel-war-attrition-analysis-5d7e50c3a6da57414bbf4a5e255e4a7ehttps://www.wired.com/story/how-the-iran-war-could-jack-up-prices-on-store-shelves/https://www.cfr.org/articles/guide-trumps-second-term-military-strikes-and-actionshttps://www.washingtonpost.com/national-security/2026/03/09/iran-war-cost/https://www.nytimes.com/2026/03/11/world/middleeast/iran-war-costs-pentagon.htmlhttps://www.nytimes.com/interactive/2026/03/11/world/middleeast/iran-us-military-bases-strikes-map.htmlhttps://www.cbsnews.com/news/strike-in-kuwait-that-killed-6-us-service-member-more-severe/https://www.theguardian.com/world/2026/mar/10/iranian-regime-is-not-weakening-in-face-of-us-israel-onslaught-but-becoming-more-defianthttps://www.nytimes.com/2026/03/11/us/politics/iran-school-missile-strike.htmlhttps://www.theguardian.com/world/live/2026/mar/11/iran-war-live-updates-trump-oil-hormuz-protestors-us-israel-beirut-middle-east-latest-newshttps://www.telegraph.co.uk/world-news/2026/03/12/iran-war-latest-news-strait-of-hormuz-iraqi-oil-tankers-hit/https://www.nytimes.com/2026/03/11/world/middleeast/beirut-lebanon-israel-strikes.htmlhttps://www.seatrade-maritime.com/tankers/two-tankers-struck-off-iraq-fire-reportedhttps://www.reuters.com/world/middle-east/oil-storage-facilities-hit-omans-salalah-port-ambrey-state-tv-say-2026-03-11/X:phildstewart/status/2031429959030280658jongambrellAP/status/2031936024100880864Bluesky:markjacob.bsky.social/post/3mgsnrnz3vs2lacyn.bsky.social/post/3mgix5syjz52cacyn.bsky.social/post/3mgnwc2vex32dacyn.bsky.social/post/3mgq2aqiscn2iacyn.bsky.social/post/3mgsdqkskkv2creichlinmelnick.bsky.social/post/3mgtc4ytsfs2sShare

Source: CNN March 12, 2026 06:26 UTC