Bloomberg Politics

Iran Escalates Attacks on Dubai and Shipping, Sending Oil Higher

Mar 12, 2026Center

Iran escalated attacks on parts of Dubai and shipping assets, pushing oil prices above $100 a barrel and causing more concern about the length of the Middle East war and the effective closure of the Strait of Hormuz.

Read Full Story at Source

Compare coverage

5 related stories from other outlets

Calls grow for Strait of Hormuz ship escorts as Iran escalates attacks

Axios

Mar 12, 2026

Top Match

Calls grow for Strait of Hormuz ship escorts as Iran escalates attacks

There's "growing momentum to establish a naval protection system" in the Strait of Hormuz as Iran's military escalates attacks on commercial ships, Eurasia Group says.The big picture: U.S. Central Command warned "the Iranian regime is using civilian ports along the Strait of Hormuz to conduct military operations that threaten international shipping" and…

Center Left

Read →

HuffPost

Mar 12, 2026

Good Match

Brent Crude Oil Briefly Tops $100 A Barrel As Iran Attacks On Shipping Worsen Supply Concerns

The price of a barrel of Brent crude oil, the international standard, has topped $100 a barrel again, jolting markets just days after it spiked near $120.

Left

Read →

Brent crude oil tops $100 on concerns over Iran attacks on shipping

The Hill

Mar 12, 2026

Good Match

Brent crude oil tops $100 on concerns over Iran attacks on shipping

Crude oil prices eased slightly on Thursday morning after briefly climbing above $100 overnight, as Iran moves to strengthen its hold over the Strait of Hormuz in an attempt to ramp up economic pain amid the ongoing war. Brent crude oil, the international benchmark, was trading about 4.7 percent higher at about $98 per barrel…

Center

Read →

One America News Network

Mar 12, 2026

Good Match

US markets retreat, oil prices jump another 5% as Iran attacks on shipping worsen supply concerns

Oil prices initially shot more than 9% higher as supply concerns worsened with Iranian attacks on commercial shipping around the Strait of Hormuz.

Far Right

Read →

NBC News

Mar 12, 2026

Good Match

Iran Strikes Oil Tankers in Strait of Hormuz as Conflict Escalates

Iranian strikes are escalating in the Middle East with new attacks aimed at driving up oil prices, hitting infrastructure and attacking ships near the Strait of Hormuz. An Iranian official now says the world should brace for oil to reach $200 a barrel. NBC’s Richard Engel reports for TODAY.

Center Left

Read →