Iran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices soaring
DUBAI, United Arab Emirates (AP) — 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.
Iran flouted a U.N. Security Council resolution from the previous day demanding that it halt strikes on its Gulf neighbors with new attacks also reported in Kuwait and the United Arab Emirates.
Sirens wailed before dawn in Jerusalem as Israel intercepted incoming Iranian missiles, and loud booms were heard later in the day in another attack on the city.
https://apnews.com/article/iran-israel-us-march-12-2026-oil-prices-90e17dbf7354d1e9428994ab2a036506