Iran’s oil in the Gulf crosses $100 per barrel

लगानी न्यूज

२८ फाल्गुन २०८२, बिहीबार १२:५९March 12, 2026

. Global energy markets have been increasingly volatile as Iran launched new drone and missile attacks targeting energy infrastructure and ships in the Gulf region amid the ongoing war in the Middle East.

The price of crude oil in the international market rose again within hours of the attack on two oil tankers on Thursday morning, crossing $ 100 per barrel.TAG_OPEN_div_66

Regional tensions have escalated as Tehran launches a new wave of attacks on its Gulf neighbours and Israel.TAG_OPEN_div_64 Iran has warned that the war could last for a long time, claiming that it could “destroy” the world economy.

Meanwhile, US President Donald Trump has claimed that Iran is finally on the verge of defeat.TAG_OPEN_div_62 However, he warned that the war would not end immediately. In a sign that the US could attack Iran’s infrastructure, he said it could take a generation to rebuild it.

As the war started by the US and Israel has expanded, many countries in the region have been affected. Israeli attacks on Lebanon have intensified. More than 630 people have died and more than 800,000 people have been displaced, according to officials.

The security situation in the Gulf region has also become tense.TAG_OPEN_div_58 Bahrain has urged residents to stay indoors and keep their windows closed. Saudi Arabia says it has intercepted drones heading towards the Saibah oil field. Some operations at Oman’s Salalah port have been temporarily halted after a drone hit a fuel tank.

Sea routes around the Strait of Hormuz have also been affected.TAG_OPEN_div_56 The British Maritime Safety Agency said a small fire broke out when an unidentified projectile struck a container ship near the United Arab Emirates. All crew members are safe.

At least TAG_OPEN_div_54 one crew member was killed and 38 people were rescued after two oil tankers were attacked near Iraq, officials said. The search for some members is still underway.

The Strait of Hormuz, which supplies about a fifth of the world’s oil, is now at risk of being effectively disrupted due to the stress of the war, analysts say.TAG_OPEN_div_52 Iran has also threatened to stop the export of oil from the Gulf.

In the last few days alone, at least TAG_OPEN_div_50 four incidents involving ships have been reported. Three crew members went missing after a Thai bulk carrier was struck, transport company Precious Shipping said.

The threat of drones and missiles has also increased in other parts of the Gulf.TAG_OPEN_div_48 Two people were injured when a drone hit a residential building in Kuwait, and the UAE said it was responding to a missile threat.

Meanwhile, Iran’s Revolutionary Guards have threatened to target financial centers and banks linked to the United States and Israel.TAG_OPEN_div_46 Since then, some international companies have started laying off their employees from Dubai.

The International Energy Agency (IEA) has allowed member states to extract oil from strategic reserves to stabilize markets.TAG_OPEN_div_44 Under this, 40 million barrels of oil will be sent to the market, of which 17 million 20 million barrels will come from the US. But even this move has not been able to allay fears of a protracted conflict. Analysts say the price of $90 to $100 per barrel is likely to become the new normal for some time.

The human impact of the war is also intensifying.TAG_OPEN_div_42 Israeli airstrikes have damaged residential buildings in Beirut. Residents said they were forced to stay out in the open all night out of fear.

“When the first explosion happened, I ran from room to room, pulling my family out and hiding behind a wall,” said a local bakery owner, recalling the moment of the attack.TAG_OPEN_div_40 ”

The Israeli military said it had launched a “massive offensive” targeting Hezbollah-linked infrastructure across Lebanon.TAG_OPEN_div_38 It also said that a new missile was fired from Iran towards Israel.

According to Iran’s Health Ministry, more than 1,TAG_OPEN_div_36 200 people have been killed in the war as of March 8. Local officials said 14 people were killed in Israel, while 24 people, including 11 civilians and seven US soldiers, were killed in attacks in the Gulf region.

According to the New York Times, the war has cost the United States more than $11.3 billion so far.TAG_OPEN_div_34