Israel said it killed more top Iranian leaders, and both Israel and the US started attacking Iran's oil infrastructure. On Thursday, US Treasury Secretary Scott Bessent said that "unsanctioning" some Iranian oil is one of the many ways the US could go about addressing the oil pinch in the coming days. Iran's war strategy is to threaten the world oil supplyThe country sits on a strategic choke point between the Persian Gulf and the Gulf of Oman. The US began targeting Iranian oil production facilities with military strikes in the third week of the war. Russia is also reported to be giving Iran intelligence for drone strikes.

Source: CNN March 22, 2026 17:46 UTC