Global oil giant warns of looming catastrophe as Trump gives mixed messages on Iran war.
Updated 9:23 AM EDT, Tue March 10, 2026
Here's the latest
• War timeline: The US will not relent in its war with Iran until “the enemy is totally and decisively defeated,” Defense Secretary Pete Hegseth said, adding this will be done on the US’ timeline. His remarks came after President Donald Trump made contradictory statements on when the war will end.
• Trump on new leader: Trump said he doesn’t believe Mojtaba Khamenei, whom Iran has tapped to succeed his father, the late Ayatollah Ali Khamenei, as supreme leader, can “live in peace.”
• New strikes: Israel launched a “broad wave” of strikes in the Iranian capital of Tehran overnight into today. A CNN team in Tehran heard and felt heavy aerial bombardment.
• Oil crisis: The world’s top oil exporter has warned there could be “catastrophic consequences” for the world’s markets should the Iran war continue to disrupt access to the Strait of Hormuz.
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