Business & Economics
Iran Strikes Six Gulf Tankers; Iraq Shuts Basra Terminals, Oil Tops $100
On 12 Mar 2026, twin Iranian drone/boat attacks on the Safesea Vishnu and Zefyros in Iraqi waters brought the tally to six vessels hit in 36 hours, triggering Iraq’s shutdown of its offshore oil terminals and sending Brent crude back above $100 even after massive emergency reserve releases.