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11:15 AM ET, March 12, 2026

memeorandum

 Top Items: 
Wall Street Journal:
Escalating Hormuz Crisis Raises Specter of Prolonged Closure  —  Hopes for quickly reviving trade through the strait are dimming without U.S. naval escorts as Iran steps up attacks  —  Escalating Iranian attacks and the U.S. government's decision to hold off on military escorts …
RELATED:
Sam Meredith / CNBC:
Three more ships struck in the Persian Gulf as Iran warns of oil prices hitting $200 … Three more foreign ships were struck in the Persian Gulf overnight, authorities said, as attacks intensify on vessels sailing through or near the strategically vital Strait of Hormuz.
Heather Cox Richardson / Letters from an American:
March 11, 2026  —  In a brief call with Barak Ravid of Axios today, President Donald J. Trump said “The war is going great.  We are way ahead of the timetable.  We have done more damage than we thought possible, even in the original six-week period.”  He added that the war against Iran will end …
Marc Caputo / Axios:
Iranian oil squeeze tests Trump's war plans  —  President Trump's advisers warn the Iran war could drag on longer if the regime succeeds in strangling the Strait of Hormuz and driving oil prices beyond his tolerance.  — “The Iranians f*cking around with the Strait makes him more dug in …
Holly Ellyatt / CNBC:
Strait of Hormuz must remain closed as ‘tool to pressure enemy,’ Iran's new supreme leader says … Iran's new Supreme Leader Mojtaba Khamenei said Thursday that the closure of the Strait of Hormuz maritime passage should be continued as a “tool to pressure the enemy,” in his first public statement since being appointed.
Yaroslav Trofimov / Wall Street Journal:
Ending Iran War Quickly Carries Big Risks for the U.S. and Allies  —  Leaving the regime undefeated could motivate Tehran to develop nuclear weapons and leave it in control of much of the world's energy flows  —  President Trump—faced with rising oil prices and pushback from his MAGA base …
Discussion: New York Times
Julia Manchester / The Hill:
Trump: ‘When oil prices go up, we make a lot of money’
Discussion: Raw Story and Al Jazeera
William Kristol / The Bulwark:
Sing, Goddess, of the Fury of Trump!
more at Mediagazer »
Bloomberg:
Iran's New Supreme Leader Khamenei Says Hormuz Strait Should Stay Closed
Discussion: The Hill and France 24
The Hill:
Live updates: Iran's new leader will keep Strait of Hormuz closed; US stresses ‘short-term’ oil price spike
Discussion: IJR and Bloomberg
Wall Street Journal:
President Trump's Head-Spinning Pivot on an Emergency Oil Release
Reuters:
Exclusive: US intelligence says Iran government is not at risk of collapse, say sources  —  U.S. intelligence indicates that Iran's leadership is still largely intact and is not at risk of collapse any time soon after nearly two weeks of relentless U.S. and Israeli bombardment, according to three sources familiar with the matter.
RELATED:
Washington Post:
Iranian school was on U.S. target list, may have been mistaken as military site
NBC News:
First 6 days of Iran war cost $11.3 billion, Pentagon tells Congress  —  Officials briefed the Senate Appropriations subcommittee on defense.  One senator said he believes the cost is higher since the figure didn't include aspects like munitions replacement.
Discussion: NewsMax.com and Rolling Stone
RELATED:
Catie Edmondson / New York Times:
Pentagon Tells Congress First Week of Iran War Cost More Than $11.3 Billion
Punchbowl News:
3/12/26☀️ AM: … When Hill Republicans succeed, President Donald Trump serves as their center of gravity, helping quiet intra-GOP disputes and pulling the party together. … If that vacuum persists, it could send a crucial, hugely bipartisan push for housing legislation completely off the rails.
Discussion: Raw Story
RELATED:
Politico:
Capitol agenda: House revolt ahead for housing bill
Discussion: CNBC and NOTUS
ProPublica:
Veterans Who Depend on Mental Health Care Keep Losing Their Therapists Under Trump  —  Veterans' Care at Risk: Rapid Change Under Trump Creates Uncertainty  —  Reporting Highlights  — Mental Health Staff Losses: Hundreds of mental health professionals left the Department …
RELATED:
Reed Abelson / New York Times:
A Third of Americans Have Cut Spending or Borrowed Money for Health Care  —  As medical costs rise, more than 80 million people have made sacrifices like skipping meals and driving less, a new survey finds.  —  Americans are feeling the squeeze from rising health care costs, and they are already doing without.
Rebecca Falconer / Axios:
UN panel accuses Trump of “racist hate speech”  —  A United Nations watchdog on Wednesday criticized “intensified immigration crackdowns” in the U.S. and accused President Trump and other American leaders of using “racist hate speech” — both of which it said “has sparked grave human rights violations.”
Discussion: Raw Story and Reuters
RELATED:
David R. Lurie / Public Notice:
Trump's military excursion, into an abyss  —  PN is supported by paid subscribers.  Become one ⬇️  —  🧠 Subscribe to PN 🧠  —  Observers have spent two weeks trying to discern the “aims” of Trump's war on Iran, and therefore what might constitute a victory or defeat.
Paul Krugman:
The Billionaires' War  —  The ultrawealthy put Trump in power but other people will pay the price  —  It becomes clearer with each passing day that the people who took us to war with Iran had and have no idea what they're doing — that they're adolescents who think they're playing video games …
Discussion: Raw Story, DNYUZ and Althouse
Financial Times:
Intel shareholder claims board gave US an equity stake to avoid Trump's social media attacks  —  Lawsuit also criticised law firm Skadden for advising both Intel and the government  —  Intel faces a shareholder lawsuit accusing the chipmaker's leadership of granting a 10 per cent stake …
Barak Ravid / Axios:
Trump's Iran war whiplash clouds U.S. endgame  —  After a video call with G7 leaders Wednesday, French President Emmanuel Macron declared publicly what others had said privately: no one can tell what Donald Trump wants from this war. … The confusion has left both allies and adversaries struggling to plan for what comes next.
Dave Collins / Associated Press:
Officer having anxiety attack took ambulance sent for man dying from police shooting, report says  —  A man who was shot by police and later died had to wait 10 extra minutes for an ambulance after an officer having a “mild anxiety attack” took the first one that arrived at the scene, according to a newly released state investigation.
Tom Latchem / The Daily Beast:
DHS in Chaos as ICE Barbie's Henchman Forced Out During Power Struggle  —  NOEM WAY BACK  —  The man Noem and Lewandowski installed at CBP to oust its veteran boss has cleared out his office.  —  EXCLUSIVE  —  Kristi Noem and Corey Lewandowski's top “henchman” has been escorted …
Samuel Benson / Politico:
Furious allies lobby Trump to keep deporting migrants … Eighty-seven percent of Trump 2024 voters surveyed, including 79 percent of Hispanic Trump voters, want the president to exceed the previous largest deportation effort in history, led in the 1950s by former President Dwight D. Eisenhower.
Discussion: The Federalist, DNYUZ and MS NOW
Wall Street Journal:
U.S. Plan to Unblock Strait of Hormuz Collides With Realities of Global Insurance  —  This U.S.-centric insurance idea runs counter to the realities of an international market, according to industry executives  —  President Trump's plan to sell insurance for ships in the Gulf …
Discussion: CNBC
Washington Post:
DHS pick Markwayne Mullin once hired felon who illegally stored guns at work  —  Sen. Markwayne Mullin denied knowing about the employee's criminal record, but the employee says he did.  —  President Donald Trump's new pick to lead the Department of Homeland Security, Sen. Markwayne Mullin …
Discussion: Federal News Network and DNYUZ
Marissa Thompson / WCSC-TV:
WATCH LIVE: Rep. James Clyburn announces plans to run for reelection  —  COLUMBIA, S.C. (WCSC) — South Carolina Rep. James Clyburn has announced that he will once again run for reelection this year.  —  The news came during a campaign event held Thursday morning at the South Carolina Democratic Party's headquarters.
Ernesto Londoño / New York Times:
ICE Lawyer Who Told Judge She Was Overwhelmed Seeks New Role: Lawmaker  —  Julie T. Le, a former government lawyer, described in stark terms how overstretched the legal system had become during the administration's immigration crackdown in Minnesota.  Now, she said, she hopes to fix the “system's failures” by running for Congress.
Meredith Lee Hill / Politico:
Ernst pushes spending cuts for another party-line policy package  —  House Republicans discussed plans for a second party-line megabill during their policy retreat in Florida this past week, and now GOP senators want in on the action.  Sen. Joni Ernst (R-Iowa), in her capacity as head …
Discussion: The Hill
Ja'han Jones / MS NOW:
James Comer: DOJ in 2019 ‘asked New Mexico to stop’ Epstein ranch probe  —  The House Oversight Committee chairman hinted at a cover-up by the Justice Department without noting that the president in 2019 was Donald Trump. … House Oversight Committee Chairman James Comer told Fox News …
Kyle Cheney / Politico:
Immigration detention cases decline amid Trump admin pullback from hardline tactics … Habeas petitions peaked at more than 400 on Feb. 6 but have since steadily declined, dipping below 300 per day late last month and approaching 200 per day by early March.
Chris Boyette / CNN:
FBI joins search for retired Air Force major general missing for nearly 2 weeks  —  Federal agencies US military Deep space  —  A high-ranking retired US Air Force major general who once commanded a base long associated with UFO lore has been missing for nearly two weeks …
 
 
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 More Items: 
Bridget Bowman / NBC News:
Poll: Voters who say economic and political systems are stacked against them tie a record high
Discussion: The Daily Caller
Damian Paletta / Wall Street Journal:
Clyburn, 85, Might Join Record-Number of Lawmakers Calling It Quits
Discussion: NBC News, Axios and Washington Examiner
The Hill:
Trump must attack Iran's center of gravity
Richard Fausset / New York Times:
Charlie Kirk's Group Expands Into High Schools. G.O.P. States Are Helping.
Discussion: ArkansasTimes
Myah Ward / Politico:
Homan wants a reset with Trump's soon-to-be DHS chief
 Earlier Items: 
Christopher Rowland / Washington Post:
Why it's easier and cheaper for you to buy GLP-1s
Kyla Scanlon / New York Times:
Trump's Way of Doing Business With the World May Cost All of Us
Anna Wlodarczak-Semczuk / Reuters:
Poland says foiled cyberattack on nuclear centre may have come from Iran
Discussion: Politico
Ferdinand Knapp / Politico:
No ‘direct threat’ from Iran to Europe, US before war, Polish foreign minister says
Discussion: Reuters
Washington Post:
AI money is already influencing the midterms. And more is coming.
Discussion: Election Law Blog
Washington Post:
We asked 1,000 Americans if U.S. strikes on Iran should continue.
Greg Jaffe / New York Times:
How Hegseth Came to See Moral Purpose in War as Weakness
Michael Scherer / The Atlantic:
A Police Report About a House Candidate Surprised the White House
Discussion: Politico, The Guardian and Raw Story
 

 
From Techmeme:

James Rundle / Wall Street Journal:
US medtech giant Stryker confirms a global outage due to a cyberattack; Iran-linked group Handala says the hack is retaliation for a strike on a school in Iran

Will Knight / Wired:
Nvidia debuts Nemotron 3 Super, a 120B-parameter hybrid MoE open-weight model; filing: Nvidia plans to spend $26B over the next five years to build open models

CNBC:
Atlassian is cutting 10% of its workforce, or ~1,600 jobs, to fund investments in AI and enterprise sales; filing: the cuts will incur $225M to $236M in charges
 
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