In this photo released by the Norfolk Police Department, first responders are shown at the scene of a shooting at Old Dominion University in Norfolk, Virginia, on March 12, 2026. (Norfolk Police Department)
(NORFOLK, Va.) — Two people are injured and a gunman is dead following a shooting at Old Dominion University in Norfolk, Virginia, on Thursday, according to an alert from the university.
The gunman opened fire in Constant Hall, an academic building, around 10:49 a.m., the university alert said.
The injured victims have been taken to a local hospital, the school said.
The school did not say how the gunman died.
Classes are canceled for the rest of the day, the university said.
This is a developing story. Please check back for updates.
raders work on the floor of the New York Stock Exchange during morning trading on March 10, 2026 in New York City. Stocks continued to slide at the opening due to the war in Iran and oil prices hovering around $90 per barrel. (Photo by Michael M. Santiago/Getty Images)
(NEW YORK) — Oil prices surged and stocks tumbled worldwide in early trading on Thursday as Iran escalated shipping attacks in a critical tanker route.
Global crude spiked above $100 a barrel on Thursday before settling slightly below that key benchmark. The rise in oil prices defied a U.S. effort hours earlier to reassure markets with an announcement of the second-largest ever release from the nation’s petroleum reserve.
A selloff hit Wall Street as traders feared economic fallout from a potentially prolonged bout of elevated oil prices.
The Dow Jones Industrial Average fell 550 points, or 1.1%, while the S&P 500 dropped 0.8%. The tech-heavy Nasdaq declined 0.8%.
Oil markets are suffering a major supply shortage due to the near-closure of the Strait of Hormuz, a trading route that facilitates the transport of about one-fifth of the global oil supply.
This is a developing story. Please check back for updates.
A map shows the Strait of Hormuz on a laptop computer screen in this photo illustration in Athens, Greece, on March 3, 2026. (Photo by Nikolas Kokovlis/NurPhoto via Getty Images)
(STRAIT OF HORMUZ) — The conflict in the Strait of Hormuz intensified on Wednesday as the Iranian navy confirmed it targeted at least two of three ships struck by projectiles in the critical passage for the oil and shipping trades, and President Donald Trump said the U.S. military destroyed several “inactive” mine-laying boats in the strait.
The increased military activity in the Strait of Hormuz came just three days after President Donald Trump warned Iran in a post on his social media site that if it attempts to “stop the flow of Oil within the Strait of Hormuz, they will be hit by the United States of America TWENTY TIMES HARDER than they have been hit thus far.”
Iran’s Islamic Revolutionary Guard Corps (IRGC) announced that its navy conducted strikes on two commercial vessels in the Strait of Hormuz on Wednesday morning.
An IRGC spokesperson said in a statement that its navy struck the ships Express Room and the Mayuree Naree because both commercial vessels were allegedly “ignoring alerts and warnings from the IRGC Navy.”
“Every vessel intending to pass must obtain permission from Iran,” IRGC naval commander Adm. Alireza Tangsiri said in a social media post on Wednesday.
The Express Room, a container ship sailing under the Liberian flag, was struck by Iranian projectiles after allegedly “ignoring warnings from the IRGC Navy and came to a halt in its position,” the IRGC spokesperson said.
The Thai-flagged container ship Mayuree Naree was targeted for allegedly “ignoring alerts and warnings from the IRGC Navy and unlawfully insisting on transiting the Strait of Hormuz, according to the IRGC spokesperson.
Thai officials reported that three crew members were missing from the vessel following the attack.
“The Strait of Hormuz is, without a doubt and without a moment’s neglect, under the intelligent management of the brave naval forces of the IRGC. American aggressors and their allies have no right of passage,” the Iranian spokesperson said.
Earlier Wednesday, the U.K. Maritime Trade Operations Center (UKMTO) said it had received reports that three ships came under attack in the Strait of Hormuz. It did not identify the vessels, nor did it say at the time who was responsible for the attacks.
The UKMTO said one container ship was struck about 11 nautical miles north of Oman, in the passage that connects the Persian Gulf and the Gulf of Oman.
“The vessel has requested assistance and the crew are evacuated,” the UKMTO said.
The other two container ships, according to the UKMTO, were also struck by projectiles early Wednesday. One was hit about 25 nautical miles northwest of the United Arab Emirates port city of Ras Al Khaimah, while the other was stuck northwest of Dubai, according to the UKMTO.
Meanwhile, the U.S. Central Command (CENTCOM) released videos overnight showing attacks being carried out on Tuesday on what it described as “multiple Iranian naval vessels, March 10, including 16 minelayers near the Strait of Hormuz.”
“To date, we have struck more than 5,500 targets inside Iran, including more than 60 ships, using a variety of precision weapons systems,” CENTCOM Commander Adm. Brad Cooper said in a video post Wednesday.
While taking questions from reporters on Wednesday on the South Lawn of the White House before heading to an event in Kentucky, Trump said, “Look, we took out just about all of their mine ships in one night.”
“We’ve knocked out their navy. We’ve knocked out their air force. We’ve knocked out all of their air defense,” Trump also said.
When asked by a reporter if he’s encouraging CEOs of various oil companies to use the Strait of Hormuz, Trump responded, “Yeah, I think they should. I think they should use the Strait.”
Asked if there are any mines laid in the Strait of Hormuz, the president said, “We don’t think so.”
In a social media post on Tuesday, Trump said, “If Iran has put out any mines in the Hormuz Strait, and we have no reports of them doing so, we want them removed, IMMEDIATELY!”
“If for any reason mines were placed, and they are not removed forthwith, the Military consequences to Iran will be at a level never seen before,” Trump said in the post.
CENTCOM issued a warning to Iranian civilians on Wednesday to avoid all port facilities where it said Iranian naval forces are carrying out military operations along the Strait of Hormuz. CENTCOM said Iranian dockworkers, administrative personnel and crews of commercial vessels “should avoid Iranian naval vessels and military equipment.
“The Iranian regime is using civilian ports along the Strait of Hormuz to conduct military operations that threaten international shipping. This dangerous action risks the lives of innocent people,” CENTCOM said in its warning.
A spokesperson for Iran’s armed forces said Wednesday that if Iran’s ports are threatened, “all ports and docks in the region will be our legitimate targets.”
In an interview with the Iranian state television, Gen. Abolfazl Shekarchi denied claims that the country’s naval forces are hiding in economic ports, and threatened heavier operations if Iran’s ports are targeted.
The chaos unfolding across the global economy stems in large part from the narrow but crucial waterway along the southern coast of Iran, which connects the Gulf of Oman to the Persian Gulf.
The Strait of Hormuz facilitates the transport of about one-fifth of the global supply of crude oil and liquid natural gas. Those products hold major implications for the prices of gasoline, plastics and European electricity, among a host of other goods.
The passage, which at its narrowest point is just 21 miles wide, is the only shipping route that stretches from the Persian Gulf to the open ocean, making it a key travel hub for goods originating in oil-rich Gulf countries like Saudi Arabia, Qatar and Iran.
Wednesday morning, the International Energy Agency said it would release 400 million barrels of oil from its strategic reserve, marking the largest oil release in the group’s history as the global economy grapples with soaring oil prices in the wake of the U.S.-Israeli war with Iran, and traders fear a prolonged blockade of the maritime passage.
Before the war, roughly 20 million barrels of oil passed through the Strait or Hormuz each day, but tanker traffic has now “all but stopped,” Fatih Birol, executive director of the IEA, said at a press conference on Wednesday.
President Donald Trump speaks to members of the media traveling on Air Force One while heading to Miami on March 7, 2026. President Trump and other members of the government attended the dignified transfer of six soldiers from the 103rd Sustainment Command who were killed in action by an Iranian drone strike on March 1 in Port of Shuaiba, Kuwait, during Operation Epic Fury. (Photo by Roberto Schmidt/Getty Images)
(WASHINGTON) — Ten days into the U.S. war with Iran, Americans are starting to feel the economic fallout as oil and gas prices soar.
Gas prices skyrocketed to a national average of $3.47 on Monday, up nearly 50 cents from last week, according to data from AAA. Plus, oil prices on Monday surpassed $100 a barrel for the first time since Russia’s invasion of Ukraine in 2022 before falling lower later in the day.
President Donald Trump has dismissed the higher cost, telling ABC News Chief White House Correspondent Mary Bruce it’s “a little glitch.”
“I think it’s fine. It’s a little glitch. We had to take this detour,” Trump told ABC’s Bruce in an interview on Sunday before going on to tout the U.S. military campaign against Tehran.
In a social media post on Sunday night, Trump argued: “Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace.”
Yet the cost of living remains one of the biggest issues heading into the 2026 midterms, where Trump and Republicans are seeking to maintain narrow majorities in Congress.
A poll released by NBC News on Sunday found Trump received his lowest ratings in the poll on his handling of inflation and the cost of living as 36% of registered voters approve and 62% disapprove.
On Iran, the NBC poll found a majority of registered voters (54%) disapproved of Trump’s handling of the matter.
Trump, on the 2024 campaign trail, vowed to bring gas down below $2 a gallon. During the first year of his second term, Trump routinely pointed to the drop in prices at the pump, including in his State of the Union address last month.
“Gasoline, which reached a peak of over $6 a gallon in some states under my predecessor and was, quite honestly, a disaster, is now below $2.30 a gallon in most states, and in some places $1.99 a gallon,” Trump said in his speech on Feb. 24.
Now, gas prices are closing in on $3.50 a gallon and are expected to continue to keep rising the longer the Middle East conflict lasts.
Patrick De Haan, a petroleum analyst at GasBuddy, told ABC News Live that Americans are currently experiencing “sticker shock.”
“Gas stations are seeing their costs go up in real time again today, as oil markets are jumping, and that’s going to be in another round of price increases over the course of this week, prices could jump another 15 to 35 cents a gallon for gasoline over the next three days, as long as nothing changes,” De Haan said. “And it’s going to be worse for the price of diesel, which could jump 35 to 50 cents a gallon, that would put it close to nearly a $5 a gallon national average.”
Some Democrats are seizing on the price jump to criticize Trump and the administration for the handling of the war.
Senate Minority Leader Chuck Schumer, a New York Democrat, has called for President Trump to tap into the Strategic Petroleum Reserve (SPR) to alleviate the financial burden for Americans.
“American families are suffering from higher prices as the effects of Trump’s reckless war become pain at the gas pump and beyond as high gas prices trickle down making everything more expensive,” Schumer said in a statement on Sunday. “They cannot afford to simply wait and hope prices come down. The President has a solution right here at home, and he should use it.”
“Trump promised a Golden Age in America. Meanwhile. Republicans are crashing the economy, gas prices are out of control and the extremists are spending billions dropping bombs in the Middle East. You deserve better,” House Minority Leader Hakeem Jeffries, also a New York Democrat, wrote on X on Monday.
Trump was asked over the weekend if he would use the SPR to bring some relief, but declined to say, instead criticizing former President Joe Biden’s use of the reserve. Biden released oil from the SPR several times over the course of 2022 as prices increased due to Russia’s war on Ukraine.
“I filled it up and he brought it down to the lowest level it’s ever been. We will start at the appropriate time, which is basically a gut instinct, we will start filling up,” Trump told reporters on Air Force One on Saturday.
“Biden used them so that he could get some extra votes in the election,” Trump added.
Analysts previously told ABC News that the SPR is a “valuable resource” for the administration to bring some relief to Americans and assuage market fears, but likely wouldn’t be enough oil in the long term to make up for the 20 million barrels of oil currently being prevented from passing through the Strait of Hormuz every day.
Trump told Fox News’s Brian Kilmeade in an interview on Sunday night that ships holding at the Strait of Hormuz need to “show some guts” and push through the channel.
Several war-risk insurers have canceled their coverage for vessels amid the widening conflict. Trump said the U.S. government was going to provide some risk insurance and guarantees, and if necessary the U.S. Navy would escort tankers through the strait.
Like Trump, several Republicans are contending that higher gas prices will be temporary.
“The prices will come back down as soon as we get out of Iran, as soon as we finish turning them into fish food, which will be pretty soon,” Republican Sen. John Kennedy said on Fox News on Sunday.
How long the Iran war will last remains an open question. President Trump initially estimated four to five weeks for the U.S., though he later said the timeline would be whatever it takes.
On Sunday, Trump told ABC’s Bruce: “I don’t know. I never predict. All I can say is we are ahead of schedule both in terms of lethality and in terms of time.”
GasBuddy’s De Haan told ABC News Live that the longer the conflict lasts, the more time it will take to see oil and gas prices to get back to their previous levels
“Every day the situation continues, it could add another several weeks to the recovery time,” De Haan said.
ABC News’ Isabella Murray, Nicholas Kerr, Soo Youn and Max Zahn contributed to this report.
