US Edition
Brent crude oil tops $100 a barrel as Iran attacks on shipping worsen supply concerns
Iran’s attacks in the Strait of Hormuz disrupted a fifth of global oil supply, pushing Brent crude over $100 despite the International Energy Agency’s record 400 million barrel reserve release.
- On Wednesday, March 11, 2026, Iran's near-total blockade of the Strait of Hormuz pushed oil prices past $100 overnight, with the International Energy Agency calling the disruption the largest in history.
- Iranian officials announced they would deny oil passage to the U.S., Israel, and partners, and could treat vessels as legitimate targets, amid escalations in the Strait of Hormuz.
- Three merchant vessels were struck overnight, including the Thai cargo ship Mayuree Naree that burned, JMIC raised the maritime threat to "critical," and Oman evacuated its Mina Al Fahal terminal exporting around 1 million barrels daily.
- Despite emergency releases from the International Energy Agency and U.S. Strategic Petroleum Reserve—400 million and 172 million barrels—oil remained at $96 after briefly exceeding $100, as markets sold off globally.
- Analysts caution that the conflict could push oil above $130 or even $200 per barrel, while governments implementing four-day weeks and companies adopt fuel-saving measures amid volatile trading likened to a "meme stock" by MacQuarie analysts Thierry Wizman and Gareth Berry.
243 Articles
243 Articles
Oil Back at $100 per Barrel as Iran Attacks Continue; China, EU May Face New Tariffs Amid Probes
Oil prices jumped back toward the $100-per-barrel mark on March 12 despite a coordinated release of strategic reserves by the United States and its allies, as Iranian attacks on oil and transport infrastructure across the Middle East intensified fears of supply disruptions through the Strait of Hormuz and a prolonged regional conflict. The Trump administration has launched new trade investigations under the Trade Act. Trade Representative Jamies…
Tioga Publishing
Ashley County LedgerOil tops $100 as fresh Iran attacks offset stockpiles release
Oil prices soared Thursday, briefly trading above $100, and stock markets extended losses as fresh attacks against Gulf energy targets offset the release of crude reserves by major economies.
genocidewatch
Bangkok PostThailand denounces Iranian attack on ship
Ambassador summoned in Bangkok as efforts continue to rescue three trapped sailors.Thailand on Thursday denounced the attack on a Thai-flagged cargo vessel in the Strait of Hormuz and summoned Iran’s ambassador, as authorities race to rescue three crew members feared trapped aboard the damaged ship.The bulk carrier Mayuree Naree was struck on Wednesday by Iranian projectiles while transiting the strategic waterway without cargo. Of the 23 crew m…
Iran’s unrelenting attacks on Mideast shipping and energy infrastructure send oil prices up again
Iranian Supreme Leader Ayatollah Mojtaba Khamenei hasn't yet made a statement or been seen since being chosen to succeed his father Ayatollah Ali Khamenei, who was killed in the opening
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