- The US military says it launched “powerful” strikes on Iran in response to an Iranian drone attack on a cargo ship in the Strait of Hormuz, as explosions were reported in southern Iran’s Sirik.
- Iran’s Islamic Revolutionary Guard Corps (IRGC) has said the attack “violated” US commitments while noting the US-Iran memorandum of understanding (MoU) gave Tehran control over traffic in the strait.
- US President Donald Trump had earlier said that the Iranian drone attack on the Ever Lovely cargo ship was “a foolish violation” of the deal.
US strikes Iran after attack on ship in Strait of Hormuz
- The United States has carried out strikes on Iran in what it says is a response to an Iranian drone attack on a cargo ship in the Strait of Hormuz.
- Iran’s Islamic Revolutionary Guard Corps (IRGC) says it targeted locations in the region where US forces are deployed in retaliation for the Trump administration’s latest attack.
- After US-brokered talks, Israel and Lebanon have signed a “framework agreement” that Washington says aims to end “cycle of endless conflict”.
- Lebanese group Hezbollah has rejected the deal, with one lawmaker saying it will only “serve the interests” of Israel.
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𝗟𝗟𝗢𝗬𝗗’𝗦 𝗢𝗙 𝗟𝗢𝗡𝗗𝗢𝗡 𝗕𝗟𝗜𝗡𝗞𝗘𝗗. 𝗧𝗛𝗘𝗡 𝗧𝗛𝗘 𝗞𝗛𝗔𝗠𝗘𝗡𝗘𝗜 𝗠𝗢𝗡𝗘𝗬 𝗧𝗥𝗔𝗜𝗟 𝗟𝗘𝗗 𝗦𝗧𝗥𝗔𝗜𝗚𝗛𝗧 𝗧𝗢 𝗟𝗢𝗡𝗗𝗢𝗡 Lloyd’s of London suspended shipping insurance for oil tankers in the Strait of Hormuz. The plan was simple: bring shipping to a halt, spike oil prices, and create a political crisis for Trump. Trump moved on three fronts simultaneously. The U.S. Development Finance Corporation stepped in with political risk insurance within days. The Navy went on notice to protect Strait shipping. And then — the move nobody saw coming — Trump lifted some sanctions on Russian oil and called Putin directly to discuss Iran. Lloyd’s reversed course. They never recovered. Now here’s the story that’s getting almost no coverage. Bloomberg ran a 2,700-word investigation back in January on how Iran’s new supreme leader Mojtaba Khamenei built a global property empire. The front companies managing the Khamenei family wealth aren’t registered in Tehran. 𝗧𝗵𝗲𝘆’𝗿𝗲 𝗿𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝗲𝗱 𝗶𝗻 𝘁𝗵𝗲 𝗜𝘀𝗹𝗲 𝗼𝗳 𝗠𝗮𝗻 𝗮𝗻𝗱 𝗦𝘁. 𝗞𝗶𝘁𝘁𝘀 — nodes of the City of London’s offshore banking network. The same City of London that just tried to strangle world oil supply against an American president at war. The mullahs r*ged against the West in public. The family money went to London in private. That’s not a revolution. That’s a management arrangement. Meanwhile, look at who’s furious about Trump’s strategy. John Bolton — whose national security process produced 20 years in Afghanistan and Iraq without ever resolving Iran, because resolving it was never the point. Canadian Prime Minister Mark Carney — standing outside the fence waiting to see how it ends. Think tanks in London and Washington with heads exploding. And look at who Trump has in the room instead. Pete Hegseth — a man who carried brothers lost to Iranian terrorist proxies home from Baghdad and Kabul. That’s the difference between the men who managed the imperial order and the men who paid for it. 𝗙𝗼𝗿 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝘁𝗶𝗺𝗲 𝗶𝗻 𝗮 𝗹𝗼𝗻𝗴 𝘁𝗶𝗺𝗲, 𝗮𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗽𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝘁 𝗶𝘀 𝗰𝗼𝗻𝗱𝘂𝗰𝘁𝗶𝗻𝗴 𝗮𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗳𝗼𝗿𝗲𝗶𝗴𝗻 𝗽𝗼𝗹𝗶𝗰𝘆. 𝗡𝗼𝘁 𝗮𝗻 𝗶𝗺𝗽𝗲𝗿𝗶𝗮𝗹 𝗼𝗻𝗲.𝗟𝗟𝗢𝗬𝗗’𝗦 𝗢𝗙 𝗟𝗢𝗡𝗗𝗢𝗡 𝗕𝗟𝗜𝗡𝗞𝗘𝗗. 𝗧𝗛𝗘𝗡 𝗧𝗛𝗘 𝗞𝗛𝗔𝗠𝗘𝗡𝗘𝗜 𝗠𝗢𝗡𝗘𝗬 𝗧𝗥𝗔𝗜𝗟 𝗟𝗘𝗗 𝗦𝗧𝗥𝗔𝗜𝗚𝗛𝗧 𝗧𝗢 𝗟𝗢𝗡𝗗𝗢𝗡
Lloyd’s of London suspended shipping insurance for oil tankers in the Strait of Hormuz. The plan was simple: bring shipping to a halt,… pic.twitter.com/SJlqR0VwEJ — M.A. Rothman (@MichaelARothman) March 12, 2026