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Two oil tankers burn near Iraq as Iranian strikes defy Trump's claim to have won the war
Iran's attacks on two Iraqi waters tankers killed one crew member and forced port suspensions, marking a rise in strikes aimed at controlling the Strait of Hormuz, officials said.
- On March 12, 2026, Iran set ablaze two oil tankers in Iraqi territorial waters, warning oil could reach $200 a barrel and defying President Donald Trump's claim of winning the war.
- After nearly two weeks of war unleashed by joint U.S. and Israeli forces, around 2,000 people have died and at least 14 vessels were struck as Iran's Islamic Revolutionary Guard Corps warned ships in the Strait of Hormuz would be targeted.
- The ships involved were the Marshall Islands-flagged Safesea Vishnu and Malta-flagged Zefyros, struck by explosive-laden boats and underwater drones, killing one crew member and causing fires with fuel leaks.
- Markets reacted as Oman evacuated Mina Al Fahal and Brent crude surged 10.5%, while bitcoin fell to $69,393 after tanker attacks.
- The IEA urged releasing 400 million barrels from global reserves, while the U.S. authorised 172 million barrels from the Strategic Petroleum Reserve starting next week, amid Mina Al Fahal's roughly 1 million barrels per day exports.
160 Articles
160 Articles
No quick end to war as tankers burn in Iraqi waters
Here are today’s headlines – the latest news in the Philippines and around the world: Trump and Iran signal no quick end to war as tankers burn in Iraqi waters The United States and Iran signal no quick end to their war as tankers burn in Iraqi waters. US President Donald Trump says it was necessary to finish the job, while Iran warns the world should be ready for oil at $200 a barrel. COA flags another overpriced Davao road project, seeks Omb…
DUBAI, United Arab Emirates (AP) — Relentless Iranian attacks on shipping and energy infrastructure in the Persian Gulf pushed oil prices above $100 a barrel on Thursday, while U.S. attacks…
Long columns of smoke rise from the boat
Two oil tankers have been set on fire off the coast of Iraq. At least one crew member has been killed, 38 more have been rescued. US President Trump, meanwhile, declares the war to be "winn".
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