Iranian attacks on shipping traffic and energy infrastructure pushed oil above $100 a barrel Thursday as American and Israeli strikes pounded the Islamic Republic with no sign of an end to the war in sight. Since the United States and Israel started the war with a February 28 attack on Iran, Tehran has focused on inflicting enough global economic pain to pressure them to halt their attacks. In Bahrain, an Iranian attack sparked a major fire on Muharraq Island, home to the country's international airport. Kuwait's defence ministry said an Iranian drone smashed into a residential building, wounding two people. Iranian authorities say more than 1,300 people have been killed there, and Israel has reported 12 people dead.

Source: The Telegraph March 12, 2026 10:02 UTC