The commander of Iran's Islamic Revolutionary Guard Corps said the Strait of Hormuz is closed and "any ship that tries to pass will be set on fire," Reuters <a href="https://www.reuters.com/world/iran-live-israel-strikes-hezbollah-uk-base-hit-cyprus-conflict-widens-2026-03-02/">reported </a>, citing Iranian media.

<i>This article was AI-translated and verified by a human editor</i>

He allowed that the hostilities could last longer than 4-5 weeks

"Timing is not important." Trump named four goals of military operation in Iran

The president of Yardeni Research believes the current campaign will not be a repeat of the protracted crises of the 1970s and advises profit taking in gold and oil

The war won't be long, says an investor waiting for gold at $10,000. What is his advice? 

The U.S.-flagged tanker Stena Imperative was damaged in a Bahraini port on Monday night, Reuters <a href="https://www.reuters.com/world/middle-east/us-flagged-products-tanker-hit-by-unknown-projectiles-bahrain-port-sources-say-2026-03-02/">reported</a>, citing two sources.

U.S.-flagged tanker damaged in Bahrain port - Reuters

On the first day of trading after the start of a large-scale military conflict between Israel and the United States and Iran, in which other Middle Eastern oil-producing countries were also involved, oil prices predictably jumped. Sergey Pigarev, Senior Analyst at Freedom Finance Global, wrote for Oninvest about who in the Middle East was in a more favorable position and how long the period of high oil prices will last.

Iran has closed the Strait of Hormuz, a crucial oil corridor