Iran-Trump struggle newest: Oil costs soar once more after two Iraqi tankers struck in suspected Iranian assault

[ad_1] Iran ramps up assaults on power shipments Iran has escalated assaults on service provider vessels within the Gulf and Strait of Hormuz, with not less than six ships struck prior to now 24 hours, bringing the entire quantity hit for the reason that struggle started to not less than 16, Reuters reported.

Explosive-laden Iranian boats attacked two gas tankers in Iraqi waters - the Marshall Islands-flagged Safesea Vishnu and the Malta-flagged Zefyros - setting each ablaze and killing one crew member. "A ship belonging to the Iraqi Ports Firm rescued 25 crew members from the 2 vessels, and the fires are nonetheless burning on each ships," mentioned Farhan al-Fartousi, director normal of Iraq's ports authority. Iraq's oil ports have utterly stopped operations following the assaults.

The Thai-flagged Mayuree Naree was struck within the strait yesterday, with three crew members nonetheless believed to be trapped, its operator Treasured Delivery mentioned. Early this morning, a container ship was struck close to Jebel Ali within the UAE, inflicting a small hearth, the UK Maritime Commerce Operations centre mentioned. Three different vessels sustained minor injury. All different crew are reported protected.

Oman has moved all vessels out of its predominant oil export terminal at Mina Al Fahal as a precautionary measure. Iran's Revolutionary Guards have warned they won't permit "one litre of oil" to be shipped from the Center East to the US, Israel or their companions, and have informed the world to brace for oil at $200 a barrel.

Stuti Mishra 12 March 2026 05:48

US-Israeli strikes injury historical palaces and mosque in Iran, Unesco confirms US and Israeli strikes have broken not less than 4 cultural and historic websites in Iran, together with two palaces and the nation's oldest Friday mosque, Unesco has confirmed.

Verified injury contains the Qajar-era Golestan Palace in Tehran, the Seventeenth-century Chehel Sotoun palace and the Masjed-e Jame mosque in Isfahan, and buildings close to the Khorramabad Valley, which incorporates prehistoric caves with proof of human occupation relationship to 63,000 BC. Iran and Lebanon have requested UNESCO so as to add extra websites to its enhanced safety listing.

"It causes hurt to civilians as a result of it damages or destroys a bit of their historical past that may be vital each to the world and in addition to a particular area or neighborhood," Bonnie Docherty, senior researcher at Human Rights Watch, informed AP.

Unesco mentioned it had supplied all events with the geographical coordinates of heritage websites forward of time. It was unclear whether or not US or Israeli strikes induced the injury. The Pentagon didn't remark.

Iran US Israel ( Vantor ) Stuti Mishra 12 March 2026 05:30

All we learn about Iran ladies’ faculty bombing as US blamed for lethal strike Stuti Mishra 12 March 2026 05:15

Former US congresswoman goes on anti-Iran struggle rant Former US Congresswoman Marjorie Taylor Greene has gone on a rant towards U.S. navy intervention in Iran.

Greene, who was once a fervent supporter of US President Donald Trump earlier than the 2 had a public falling out, complained in regards to the dying toll within the Iran struggle and shared issues over oil costs.

Rachel Dobkin 12 March 2026 05:00

Container ship struck close to UAE, inflicting small hearth on board A container ship has been hit by an unknown projectile close to the UAE port of Jebel Ali, the UK Maritime Commerce Operations centre has mentioned right now.

The strike induced "a small hearth onboard" and a full injury evaluation was impaired by darkness. "All crew are reported as protected" and "no environmental influence has been reported at the moment," the company mentioned.

Stuti Mishra 12 March 2026 04:45

Three crew members trapped on Thai ship hit in Strait of Hormuz - report Three crew members are believed to be trapped aboard a Thai bulk service after it was hit by two projectiles whereas travelling by way of the Strait of Hormuz yesterday, the vessel's proprietor mentioned, based on AFP information company.

Iran's Revolutionary Guards claimed accountability for the assault on the Thai vessel. Two different cargo ships, one from the Marshall Islands and one from Japan, had been additionally reportedly struck in the identical space.

<img src="https://static.independent.co.uk/2026/03/11/12/27/TOPSHOT-WAR-IRAN-US-ISRAEL-THAILAND-ATTACK-LOGISTICS-ja1pvqhl.jpeg?quality=75&width=320&auto=webp 320w, https://static.independent.co.uk/2026/03/11/12/27/TOPSHOT-WAR-IRAN-US-ISRAEL-THAILAND-ATTACK-LOGISTICS-ja1pvqhl.jpeg?quality=75&width=640&auto=webp 640w" loading="lazy" alt="Smoke rising from the Thai bulk carrier 'Mayuree Naree' near the Strait of Hormuz after an attack" class="sc-1mc30lb-0 ggpMaE"/> Smoke rising from the Thai bulk service 'Mayuree Naree' close to the Strait of Hormuz after an assault ( Royal Thai Navy ) Stuti Mishra 12 March 2026 04:33

Oman strikes vessels from predominant oil export terminal as precaution Oman has shifted all vessels out of its predominant oil export terminal at Mina Al Fahal, outdoors the Strait of Hormuz, as a precautionary measure, Bloomberg Information reported, citing recipients of a port agent's discover.

Stuti Mishra 12 March 2026 04:30

US power secretary pressed by Fox Information on subsequent step after 3 ships round Strait of Hormuz hit US Power Secretary Chris Wright was pressed Wednesday by Fox Information host Laura Ingraham on the following step for American forces within the Iran struggle after three ships across the Strait of Hormuz had been hit.

Three cargo ships — one from Thailand, one from the Marshall Islands and one from Japan— had been reportedly struck earlier Wednesday across the Strait of Hormuz. Iran’s Revolutionary Guards claimed accountability for the assault on the ship from Thailand.

“So, Mr. Secretary, three ships close to the strait had been hit by projectiles over the previous 24 hours. What now”? Ingraham requested Wright.

Wright began happening a tangent about Iran being a “murderous, terrorist regime” earlier than the Fox Information host interrupted and mentioned, “In case you have crews on these ships which are afraid for his or her lives, how do you break this logjam on this essential waterway”?

“Probably the most essential factor proper now could be US navy degrading their capability to undertaking energy,” Wright replied. “Not simply missiles for lengthy vary but in addition their property that impede journey by way of the Strait of Hormuz.

“So it can take us a while to do this, however there may be an superior energy of the U.S. Army; troopers are doing an important job. And we're each hour of day-after-day degrading their navy capability to threaten the ships within the Strait of Hormuz”.

In a since-deleted social media publish Tuesday, Wright falsely claimed the US Navy had escorted an oil tanker by way of the Strait of Hormuz.

Learn extra on how that one publish despatched US oil markets right into a frenzy:

Rachel Dobkin 12 March 2026 04:15

Asian markets fall as oil tops $100 a barrel Inventory markets throughout Asia fell sharply on opening right now as oil costs surged previous $100 a barrel amid escalating assaults on delivery within the Persian Gulf.

MSCI's broadest index of Asia-Pacific shares outdoors Japan fell 1.6 per cent, whereas Japan's Nikkei dropped 1.5 per cent. Hong Kong's Cling Seng misplaced 1.2 per cent and Chinese language blue-chips slid 0.6 per cent. Australia's ASX 200 fell 1.65 per cent. S&P 500 and Nasdaq futures each declined 1 per cent, pointing to a weak open within the US.

In forex markets, nervous buyers sought the protection of the greenback whereas shunning currencies of web power importers. The euro slipped 0.3 per cent to $1.1536, its weakest degree since November. The greenback rose to 159.12 yen, its strongest since January.

Stuti Mishra 12 March 2026 04:00

Oil surges above $100 a barrel once more as tankers burn in Persian Gulf Oil costs have surged 9 per cent right now, reaching above $100 a barrel as soon as once more following strikes on tankers in Iraq.

A number of gas tankers had been struck by explosive-laden Iranian boats in Iraqi waters early this morning, with an Iraqi official telling state media that its oil ports "have utterly stopped operations."

Brent crude futures hit $100.22 a barrel, extending an increase of greater than 4 per cent in a single day. US crude futures had been at $95.41 a barrel.

This comes after oil costs rose above $115 on Monday, after which fell under $90 on Tuesday after Donald Trump mentioned the battle may finish quickly.

Traders took little consolation from the IEA's plan to launch 400 million barrels from reserves - the biggest such transfer in its historical past - as a part of which the US mentioned it will launch 172 million barrels from subsequent week. Iran had earlier warned the world to arrange for oil at $200 a barrel.

"The geopolitical threat premium in oil has produced extraordinary volatility, with costs swinging dramatically as merchants react to each headline across the Iran battle," mentioned Lukman Otunuga, senior market analyst at FXTM.