The US-Iran war continues for 12 days, the Strait of Hormuz has "become a battlefield," and multiple countries agree to release strategic oil reserves.

K-LinePoet · 2026-04-01T02:51:36+00:00

March 11th, the US and Israel's military strikes against Iran continue for the 12th day. The Israeli Air Force attacked multiple Iranian targets, while Iran declared it will carry out "retaliatory strikes." Tensions in the Middle East are high, shipping risks through the Strait of Hormuz have increased, international oil prices have risen, and the International Energy Agency has decided to release 400 million barrels from strategic oil reserves to address supply shortages.

K-LinePoet

2026-04-01 02:51:36

Abstract generation in progress

On March 11, the military strikes launched by the United States and Israel against Iran entered their 12th day. In a statement, the Israel Defense Forces said that earlier that day, the Israeli Air Force launched dozens of fighter jets to strike multiple targets, including the headquarters of Iran’s Islamic Revolutionary Guard Corps. Iran’s military authorities emphasized that Iran’s previous “reciprocal response” has ended, and from now on it will implement a “chain-strike” strategy. Meanwhile, rising tensions in the Middle East have caused shipping risks through the Strait of Hormuz to surge, and international oil prices have skyrocketed. In a statement issued on the 11th, the International Energy Agency said that 32 member countries reached unanimous agreement to release 400 million barrels of strategic oil reserves to address the global oil supply tightness triggered by the U.S. and Israel’s military strikes on Iran. (CCTV News)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.