As Tehran launched a new wave of attacks across the Gulf, the U.S. announced it was easing sanctions on Russian oil stranded at sea in a bid to stabilize markets. Israel says that its military has begun a new “wide-scale waves of strikes” in Tehran this morning.

Rescue efforts are ongoing, officials said, after the KC-135 tanker was involved in an apparent accident with another KC-135.

WASHINGTON, March 12 (Reuters) - ⁠President ⁠Donald Trump said that ⁠he thinks new Iranian Supreme Leader Mojtaba Khamenei, ​whose father, the former supreme leader, was killed on the ‌first day of the ‌U.S. and Israel's war on Iran, is alive but "damaged."

An Iran-linked hacker group has claimed responsibility for a cyberattack of a medical tech company, in what appears to be the first significant instance of Iran hacking an American company since the s

Mojtaba Khamenei was named the Islamic Republic of Iran's third Supreme Leader after the death of his father in air strikes

Iran’s new supreme leader did not appear in person to give his first statement Thursday, fuelling speculation that he was injured more seriously than Iranian officials have acknowledged. Mojtaba Khamenei vowed to keep the Strait of Hormuz closed in a defiant statement attributed to him and read by a state TV presenter.

According to an estimate the Pentagon shared with Congress, the U.S. used up billions of dollars in munitions in the first two days of the war.

Iran’s new Supreme Leader Mojtaba Khamenei said Thursday that Tehran would continue using the Strait of Hormuz as leverage against the U.S., despite Trump's warnings that Iran will be hit "twenty times harder" than it already has been if it blocks the flow of oil.

American officials have said for years that they would prioritize the Indo-Pacific. Now they’re moving warships, missiles and air defenses out for a war in the Middle East.

Three more civilian ships have been attacked in the Gulf overnight, as the US-Israeli war with Iran continued for a 13th day. At least 18 ships have been struck since the war began, according to UK Maritime Trade Operations and analysis firm Vanguard.

From energy to supposed havens, Barron’s lays bare the economic fallout from the conflict through the following five charts