US-Iran War Updates March 16: Iran Denies Truce Talk, Dubai Airport Confirms Fire As Trump Demands Help With Hormuz - ConocoPhillips (NYSE:COP), Chevron (NYSE:CVX)
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By Namrata Sen
Published on March 16, 2026.
The US-Iran war has entered its seventeenth day, with Iran denying any ceasefire or negotiations. Israel's Prime Minister, Benjamin Netanyahu, dismissed rumors of his own death by posting a video on X. Japan has begun releasing oil from private-sector reserves to stabilize supply amid the Iran war, which has disrupted Middle East tanker routes. The government may release an additional month of oil from its national stockpile later in the month. A drone strike hit a fuel tank near Dubai International Airport causing a fire and briefly halting flights. The exiled crown prince of Iran has urged Iranians worldwide to celebrate Chaharshanbe Suri on March 18 with protests outside Iranian embassies.
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