The Daily Aus Headlines: Iran strikes fuel tankers in Strait of Hormuz
Mar 12, 2026
Reports of Iran striking two fuel tankers in the Strait of Hormuz and the wider fallout for shipping. A high-profile resignation from a royal commission amid pay controversy. Tech giant Atlassian announces a 10% global workforce reduction and local job impacts. Good news from Tasmania as Indigenous rangers capture rare mammals on Cape Barren Island.
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Strait Of Hormuz Shipping Nearly Comes To Halt
- Shipping through the Strait of Hormuz has nearly halted as conflict escalates.
- Iran's Revolutionary Guards warned all ships will be targeted, and US President Donald Trump threatened more attacks, driving oil prices to their highest since 2022.
Revolutionary Guards Threaten All Passing Ships
- Iran's Revolutionary Guards declared any ship passing the Strait will be targeted, expanding the conflict's maritime scope.
- That threat followed strikes on two fuel tankers in Iraqi waters and raised the regional ship strike count to at least 16.
Conflict Driving Oil Prices To 2022 Highs
- The conflict's impact is global as oil prices surged to their highest since 2022.
- US President Donald Trump warned of escalating attacks on Iran if the strait remains obstructed, linking military action to market volatility.