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Iranian missile and drone strikes have halted shipping through the Strait of Hormuz as of March 14, 2026, prompting US Navy plans to escort oil tankers amid surging global prices. President Trump directed military options to keep the strait open, with officials confirming anticipation of such blockades. Saudi Arabia reported intercepting 28 Iranian drones targeting its defenses. The move aims to mitigate impacts on US energy markets and economy.

The US Navy is considering escorting oil tankers through the Strait of Hormuz, closed by Iranian missile and drone strikes disrupting 20% of global oil trade. President Trump anticipated the blockade and directed military options to reopen the vital chokepoint, with oil prices surging as a result. Treasury Secretary Scott Bessent will meet China next week on trade amid energy market chaos from the two-week war. The move aims to mitigate economic impacts on Americans from the Hormuz disruption.

The US Navy is considering escorting tankers through the Strait of Hormuz after Iran effectively closed it with missile and drone attacks, surging global oil prices. President Trump anticipated the blockade and directed military options to keep the vital chokepoint open, impacting one-fifth of world oil trade. Saudi Arabia intercepted 28 Iranian drones while facing retaliatory strikes. Officials confirm all US military assets focus on destroying Iran's offensive capabilities.[3][1]

American Express stock pulled back to levels offering strong upside potential on March 13, 2026, prompting portfolio managers to track for additional purchases. The credit card giant benefits from premium products like the refreshed Platinum card driving earnings growth amid consumer spending resilience. Shares present a favorable entry as broader financials face pressure from rising yields and oil shocks. Analysts maintain a buy rating targeting significant appreciation from current levels around recent lows.

American Express stock has pulled back to attractive levels around recent lows on March 13, 2026, prompting portfolio managers to monitor for additional purchases with a revisit to buy rating.[4] The company's premium Platinum card refresh is expected to drive higher earnings through increased spending among high-net-worth clients.[4] Amid market volatility, AmEx's positioning in consumer finance offers upside potential as economic indicators stabilize.[4] Investors anticipate a rebound if consumer spending data supports premium services growth.

The U.S. PCE inflation index reached 3.1% in February 2026 data released March 13, exceeding forecasts and fueling concerns over persistent price pressures. This reading, alongside Brent oil hitting $100, pushed back expectations for Federal Reserve rate cuts into late 2026. Economists note the figure complicates the Fed's dual mandate amid slowing GDP growth. Markets now price in steady rates through mid-year.

Nvidia shares retreated to around $88 on March 13, 2026, from peaks near $97, even as the company showcased strong quarterly growth potential. Traders noted hits to high-growth names amid broader S&P 500 and Nasdaq declines of 0.5-0.67%. The pullback reflects risk-off sentiment from oil surges rather than company-specific issues. Investors eye upcoming catalysts like AI chip demand for rebound potential.