Oil price tops $100 again as Iran strikes economic targets across Middle East

2026-03-12 - 04:52

Vast release of emergency crude reserves fails to quell mounting fears around energy supply crunch, rattling global markets Oil prices again topped $100 per barrel on Thursday as widespread Iranian attacks on Middle Eastern energy facilities overshadowed a vast release of government reserves. As Donald Trump vowed to “finish the job” and press ahead with the US-Israel war on Iran, the country’s regime stepped up retaliatory strikes on economic targets across the region. Continue reading...