Two oil tankers burn near Iraq as Iranian strikes defy Trump's claim to have won the war
Iran's attacks on two oil tankers in Iraqi waters killed one crew member and caused port suspensions amid rising regional tensions and a global oil price surge above $100 per barrel.
- 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.
123 Articles
123 Articles
Oil tankers burn as Iran's new leader vows to keep Strait of Hormuz closed
Iranian attacks on Gulf shipping, including two tankers set ablaze in Iraqi waters, have disrupted global oil supplies and sent prices soaring above $100 a barrel, despite President Trump’s claims that the US has “won” the war.
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
Middle East war: Oil tankers set ablaze in the Gulf in latest Iranian attacks
Two #oil tankers were hit by Iranian explosives off the coast of #Iraq, as Tehran continues its blockade on the region. The attacks follow strikes in the Strait of #Hormuz, bringing up the number of #ships hit in the strategic passage point to at least 16.
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