Morning Wire Hormuz Strait Standoff & CA’s Medicare Money Heist | 3.12.26
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Mar 12, 2026 
Megan Basham, Daily Wire culture reporter who investigated hospice care fraud in Southern California. She walks through explosive growth in L.A. hospice providers. She explains aggressive patient recruitment and fraudulent Medicare billing. Short, sharp reporting on how seniors and taxpayers are affected.
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Iran Uses Hormuz Blockade As Strategic Leverage
- Iran's best leverage is blocking the Strait of Hormuz to disrupt global oil supplies and pressure the U.S. to end hostilities.
- The IRGC struck vessels, threatened any ship as a legitimate target, and claimed oil could hit $200 per barrel, forcing urgent release of reserves.
Largest Ever Oil Reserve Release Is Short Lived
- The International Energy Agency released 400 million barrels from strategic reserves to blunt price shocks.
- That is the largest release ever but only covers about 20 days of oil typically passing through the strait, so it's a short-term fix.
Pentagon Says Missile Caused School Explosion In Iran
- A Pentagon preliminary investigation reported a Tomahawk missile caused an explosion at an elementary school adjacent to a targeted military base.
- The school was mistakenly included on the DIA target list, producing high civilian casualties and political fallout.