General · 12 March 2026

Iran warns of $200 oil after attacking ships.

Consumers may face significantly higher fuel costs as global energy markets and transport become unstable. Iran's Revolutionary Guards attacked vessels in Gulf waters on Wednesday, almost two weeks since war began with US and Israeli airstrikes. The International Energy Agency recommended a 400-million-barrel release from emergency oil supplies to stabilise prices.

By BriefTea Editorial · 12 March 2026 at 9:38

Reported by NDTV.com · How we write briefs

Get the app

More briefs

GeneralGoogle paying £260m to settle UK Play Store developer lawsuit PoliticsJames Cleverly steps down from the shadow cabinet to campaign for London mayor GeneralThe UK Navy just followed four Russian ships again GeneralSarah Ferguson is moving back to the UK following the Epstein scandal GeneralIcelanders vote on restarting EU membership talks after 13 years GeneralGoogle now auto-expands AI answers, pushing links down Browse all stories →