It’s Day 10 of the Iran War, and along with black clouds over Tehran and the global oil market, a new supreme leader has been named, and there’s still no end in sight for the conflict or its impact. Here’s the latest.

U.S. identifies seventh killed servicemember

Army Sergeant Benjamin Pennington, a 26 from Glendale, Kentucky, who served in 1st Battalion, 1st Space Brigade, was fatally injured during an Iranian attack on Prince Sultan Air Base, Saudi Arabia on March 1. His brigade commander called Pennington “a dedicated and experienced noncommissioned officer woh led with strength, professionalism, and sense of duty.”

The worst oil supply disruption ever?

A new analysis by Rapidan Energy says that it is, per CNBC:

The U.S. war against Iran has triggered the largest oil supply disruption in history, more than double the previous record set during the Middle East crisis of the 1950s, according to an analysis by consulting firm Rapidan Energy. About 20% of the world’s oil supply has been disrupted for nine days now as tanker traffic through the Strait of Hormuz remains at a standstill. Crude prices have surged above $100 per barrel in response.The biggest disruption prior to the current war was during the Suez Crisis of 1956 when Britain, France and Israel invaded Egypt’s Sinai Peninsula, the energy consulting firm told clients in a Sunday note. In that crisis, about 10% of the world’s oil supply at the time was disrupted.The disruption triggered by the closure of the Strait is nearly three times the size of the shock caused by the Arab oil embargo of 1973, Rapidan analysts told clients. The Arab embargo disrupted about 7% of global supplies. The big difference between the supply shock of the Iran war and past crises is the world has no spare oil capacity to address the problem, the analysts said.

The U.S. war against Iran has triggered the largest oil supply disruption in history, more than double the previous record set during the Middle East crisis of the 1950s, according to an analysis by consulting firm Rapidan Energy. About 20% of the world’s oil supply has been disrupted for nine days now as tanker traffic through the Strait of Hormuz remains at a standstill. Crude prices have surged above $100 per barrel in response.

The biggest disruption prior to the current war was during the Suez Crisis of 1956 when Britain, France and Israel invaded Egypt’s Sinai Peninsula, the energy consulting firm told clients in a Sunday note. In that crisis, about 10% of the world’s oil supply at the time was disrupted.

The disruption triggered by the closure of the Strait is nearly three times the size of the shock caused by the Arab oil embargo of 1973, Rapidan analysts told clients. The Arab embargo disrupted about 7% of global........

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