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After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

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The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

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1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Current price of oil as of June 23, 2026
PoliticsIran

The U.S. is ready to seize Iran-linked ships with boarding parties, report says, while Marines practice maritime raids

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
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Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
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April 18, 2026, 3:22 PM ET
Marines during a drill aboard the USS Portland in the Pacific Ocean, April 14, 2026.
Marines during a drill aboard the USS Portland in the Pacific Ocean, April 14, 2026.U.S. Marine Corps photo by Cpl. Avery Wayland
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Conditions for the fragile ceasefire between the U.S. and Iran deteriorated on Saturday as the Strait of Hormuz became more of a combat zone again, closing off ship traffic and keeping the global economy mired in an energy crisis.

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The Islamic Revolutionary Guard Corps warned ships in the Persian Gulf that vessels of any type or nationality will be destroyed if they try to cross the narrow waterway.

That came after several ships reported coming under attack from projectiles and small boats on Saturday as the regime asserted its control over the strait after Iran’s foreign minister and President Donald Trump declared it fully open on Friday.

Iran has said the strait will not reopen until the U.S. lifts its naval blockade, which Trump said will remain in place until a deal is reached.

Meanwhile, the Pentagon announced on Thursday that the interdiction of ships would expand beyond those entering or leaving Iranian ports and will now include “any Iranian-flagged vessel or any vessel attempting to provide material support to Iran.”

That also means so-called dark fleet ships that carry Iranian oil and evade sanctions, and Joint Chiefs of Staff Chairman Gen. Dan Caine said U.S. Indo-Pacific Command will help implement the wider dragnet. 

The Wall Street Journal reported Saturday that the U.S. military is preparing to board Iran-linked oil tankers and seize commercial ships in international waters as the naval crackdown expands beyond the Middle East.

Navy ships in the Central Command area of operations have already forced dozens of ships to turn around after they attempted to cross the strait. So far, none have been able to avoid the blockade in the Middle East.

Elsewhere, Lloyd’s List Intelligence said at least five Iran-linked tankers heading to Malaysia have changed course to avoid the U.S. Navy.

By preparing to board ships, the Pentagon is now looking to take physical control of Iran-linked vessels around the world, including those outside the Persian Gulf carrying oil or arms for the Iranian regime, the Journal reported. 

Marines conduct weapon function checks during a drill aboard the USS Portland in the Pacific Ocean, April 9, 2026.
U.S. Marine Corps photo by Cpl. Avery Wayland

Casting a net outside the immediate vicinity of the Gulf could prevent Iran from generating oil revenue from ships that were already at sea when the U.S. imposed its blockade. Iran also has oil in “floating storage,” sitting in tankers that could get caught up in the campaign as well.

By squeezing the Iranian economy further, including a top source of money for the IRGC, the Trump administration seeks to facilitate a peace deal.

Boarding ships

The U.S. military has different ways it can board ships. The Navy employs visit, board, search, and seizure teams for routine missions, while SEAL commandos are used in high-risk operations.

The Coast Guard also boards ships and was instrumental in the interdiction of vessels connected to Venezuela in the Atlantic and Indian oceans.

The Marine Corps, which deploys onboard Navy amphibious assault ships, also has maritime raid forces that are typically used in hostile boarding situations.

In fact, the 31st Marine Expeditionary Unit has been in the Middle East for a few weeks and recently practiced maritime raid operations, including at night.

At the same time, the 11th Marine Expeditionary Unit is en route to the Mideast but is currently in the Indo-Pacific area of operations, where the Pentagon said the wider naval crackdown could reach.

Marines conduct routine training aboard amphibious assault ship USS Tripoli, April 12, 2026.
Courtesy of the U.S. Marine Corps

Each MEU consists of three amphibious assault ships and about 2,200 to 2,500 Marines. Trump hasn’t ruled out sending in ground troops to seize Iranian islands and reopen the Strait of Hormuz, but such a mission would present various risks.

For example, even after seizing an island, ground troops would be vulnerable to attack from Iranian ballistic missiles and drones, which have overwhelmed U.S. air defenses during the war.

Ground troops would also have to be resupplied by sea or air, and Navy officials have described the Strait of Hormuz as a “kill box” filled with additional threats like anti-ship missiles, surface drones, fast-attack boats, and mines.

In recent days, Defense Department photo feeds and Central Command’s social media posts have made it clear that Marines are getting ready to take part in the Iran blockade.

One post on April 15 showed Marines conducting close-quarters training aboard the USS Tripoli amphibious assault ship in the Arabian Sea.

“During training evolutions like these, embarked Marines hone their skills for missions such as maritime interception operations,” Central Command said. “Tripoli is currently executing a mission to blockade ships entering and departing Iranian ports. The blockade is being enforced impartially against vessels of all nations.”

Marines conduct routine training aboard amphibious assault ship USS Tripoli April 12, 2026.
Courtesy of the U.S. Marine Corps
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About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Fortune, where he covers markets, the economy, finance, and housing.

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