Iran targets fuel facilities, sending oil soaring againUS and Israeli strikes have caused heavy damage in Iran, including the capital Tehran. (Photo: AFP)TEHRAN - Iran launched a new wave of attacks against Gulf energy targets on Thursday, hours after two oil tankers were hit, sending crude prices soaring again despite record reserve releases. US President Donald Trump, meanwhile, insisted Iran was facing imminent defeat, though he cautioned that did not mean the war would end “immediately”. Iran has vowed that not one litre of oil will be exported from the Gulf while the US-Israeli attack continues. The energy body said Wednesday that its members had agreed to unlock 400 million barrels of oil, including 172 million from the United States.

Source: Bangkok Post March 12, 2026 07:50 UTC