Edition - Wednesday, March 11, 2026

7.9

The Big Signal

U.S. Military Eliminates 16 Iranian Mine-Laying Vessels Near Strait of Hormuz

•U.S. Central Command reported that the military destroyed 16 Iranian mine-laying vessels near the Strait of Hormuz on Tuesday.
•President Trump warned Iran of "military consequences... at a level never seen before" if mines are not removed from the Strait.
•Two U.S. officials told CBS News that Iran has been deploying smaller boats to lay mines in the strategically vital waterway.
•Trump previously said the U.S. had destroyed 10 inactive mine-laying vessels, according to France24., with 16 now reported destroyed in total
•The Strait of Hormuz is a critical passage for global oil shipments, connecting the Persian Gulf to the Gulf of Oman.

7.8

•President Donald Trump's administration has launched a military campaign called 'Operation Epic Fury' in Iran.
•There is uncertainty about the duration and objectives of the war, with Trump providing conflicting statements.
•Iran's Foreign Minister Abbas Araghchi has stated Iran's commitment to fight indefinitely if required.
•The ongoing conflict is impacting oil and gas markets amid regional instability.

7.7

•President Trump announced the construction of the first new U.S. oil refinery in 50 years, to be built at the Port of Brownsville, Texas.
•India's Reliance Industries is providing investment backing for the project, which Trump described as part of a $300 billion deal.
•The specific amount of Reliance's individual investment in the refinery has not been publicly detailed.
•Trump publicly thanked Reliance Industries for its financial commitment to the project, according to Business Standard.
•The announcement was reported by Bloomberg, CNBC, and Business Standard, each confirming Reliance's involvement in the Texas refinery.

7.5

•US General Dan Caine reports the destruction of over 50 Iranian naval ships.
•The US campaign aims to disable Iran's nuclear fuel production and disrupt threats in the Strait of Hormuz.
•US Secretary of War Pete Hegseth announced Tuesday as the most intense day of strikes against Iran.
•Around 140 US service members have been injured in the conflict, with eight critically wounded.
•Iran vows to continue fighting despite diminished firepower, as reported by multiple sources.

6.8

•Meta has acquired Moltbook, a social network for AI agents, which recently went viral.
•Moltbook was created by Matt Schlicht and Ben Parr using the OpenClaw software.
•Schlicht and Parr will join Meta's Superintelligence Labs following the acquisition.
•The terms of the deal have not been publicly disclosed.
•Meta aims to find new applications for AI to benefit individuals through this acquisition.