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Middle East War | Burning tankers and a blazing port are shaking global energy markets

IEA members will release a record volume of crude from reserves to stabilize volatile markets amid Iran conflict and protect the global economy, officials said.

Summary by IOL
The IRGC claims it has full control of the Strait of Hormuz, as the US president attempts to calm the markets

10 Articles

Lean Left

Tankers are burning, Iran is blocking the road from Hormus and the oil price is exploding. Donald Trump is now taking drastic measures and releasing strategic oil reserves. However, according to energy analyst Patrick De Haan, this will hardly help.

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Bias Distribution

  • 43% of the sources lean Left, 43% of the sources are Center
43% Center

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IOL broke the news in South Africa on Thursday, March 12, 2026.
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