Trump says Navy will escort tankers through Strait of Hormuz
cnbc.com/2026/03/03/us-iran-war-live-updates.html
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Middle East Crisis: Embassies Close, Oil Prices SurgeUS closes embassies in Riyadh and Kuwait amid drone strikes; Brent crude hits $81.96, the highest in a year, disrupting global markets.
- The United States shut down its embassies in Saudi Arabia and Kuwait following drone attacks and escalating regional tensions.
- Iran's closure of the Strait of Hormuz caused freight rates for oil tankers to soar to record levels, halting critical shipping traffic.
- Global stock markets plunged, with the Dow Jones dropping over 1,000 points and European shares declining up to 4.2%.
- Travel chaos worsened as over one million passengers faced cancellations, while the US ordered evacuations from additional Middle Eastern countries.
DEPART NOW— U.S. State Department travel advisory: urged Americans to depart now from 14 countries in the Middle East due to serious safety risks.
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Trump says Navy will escort tankers through Strait of Hormuz
cnbc.com/2026/03/03/us-iran-war-live-updates.html
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