Oil Spikes Over $100 After Iran Hits Tankers

March 12, 2026·2 days ago·via Click2Houston

Oil prices surge past $100 per barrel as Iran claims responsibility for attacking two oil tankers in the Persian Gulf, igniting massive fires in Iraqi territorial waters and killing at least one crew member, including an Indian sailor on a US-owned vessel. Iraq halts oil port operations, decries the sovereignty violation, and warns of escalating tensions threatening global energy supplies through the vital Strait of Hormuz. Read more about this...

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