Iran attacks on Mideast shipping and energy infrastructure send oil prices soaring
naharnet - 3/12/2026 12:14:04 PM - GMT (+2 )
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naharnet - 3/12/2026 12:14:04 PM - GMT (+2 )
Unrelenting Iranian attacks on shipping traffic and energy infrastructure pushed oil above $100 a barrel Thursday, as American and Israeli strikes pounded the Islamic Republic with no sign of an end to the war in sight.
Iran hit a container ship off the coast of Dubai, caused a blaze near Bahrain's international airport, targeted a major Saudi oil field with a drone and forced Iraq to halt operations at all of its oil terminals after attacking its port of Basra on the Persian Gulf.
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