Wednesday, March 11, 2026
Geopolitics
Reuters · AP News · BBC
Iran's military command said the world should be prepared for oil to hit $200 a barrel, as three more ships came under attack in the blockaded Gulf. The IEA is proposing a record release of strategic oil stocks. As many as 150 US troops have been wounded so far in the Iran war. Meanwhile, Iran says it will target US-Israeli economic and banking interests in the region.
Geopolitics
AP News · Reuters
A cargo ship caught fire in the Strait of Hormuz after three vessels were hit by "unknown projectiles." The US said it "eliminated" 16 Iranian mine-layers in the area. Two drones were downed near Dubai airport. The attacks have effectively halted commercial cargo traffic through the world's most vital oil transit point, raising global energy concerns.
Geopolitics
AP News
Hungary's Prime Minister Viktor Orbán has ordered authorities to hold onto roughly $82 million in seized Ukrainian cash and gold. The shipment was intercepted earlier this year as tensions between Hungary and Ukraine continue to simmer over various political issues, including Ukraine's EU accession and bilateral agreements.
Tech & Science
BBC News
Meta has acquired Moltbook, a forum-style social media platform that has attracted interest for showing how AI bots interact without human involvement. The acquisition signals Meta's continued push into AI-focused social features and highlights the growing experimentations with AI-native social platforms.
Tech & Science
AP News
AI company Anthropic has filed a lawsuit against the Trump administration seeking to undo its "supply chain risk" designation, which the company says threatens its ability to operate. The designation reportedly restricts Anthropic from working with defense and intelligence agencies, marking one of the first legal challenges to the administration's AI policy.