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News · 12 March 2026

Iran attacks two tankers, oil prices rise past $100

Iran attacks two tankers, oil prices rise past $100

Unsplash / Chandler Cruttenden

A significant global fuel crisis, the worst since the 1970s, is impacting energy markets worldwide. This comes after Iran reportedly ignited two ships in Iraqi waters and used boats carrying explosives to target fuel vessels. The conflict, which followed American and Israeli air strikes on Iran, has claimed approximately 2,000 lives.

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