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02:04
Iran Continues To Target Gulf Oil Sites With Eye On ‘$200 A Barrel’
Iran continued to assault Gulf oil fields and transport, telling the world to arrange for petroleum at $200 a barrel, a worth that, if it ought to happen, would make sure you roil the world economic system.
Saudi Arabia early March 12 stated it intercepted a drone heading towards the huge Shaybah oil discipline, typically a goal of Iranian projectiles because the US-Israeli air strikes that started on February 28.
File picture of the oil fields at Shaybah, Saudi Arabia.
“A drone heading towards the Shaybah oil field was intercepted and destroyed,” a spokesman for the nation’s Defense Ministry posted on X.
Saudi officers a day earlier additionally stated protection forces had intercepted a number of drones concentrating on the oil discipline, which is without doubt one of the most vital within the kingdom, which has lengthy been a geopolitical rival of Iran.
Separately, Bahrain on March 12 stated Iran had hit gas tanks within the Muharraq area of the small island nation and urged space residents to stay at residence.
“The blatant Iranian aggression targets fuel tanks at a facility in Muharraq Governorate,” Bahrain’s Interior Ministry stated.
The UN Security Council on March 11 condemned Tehran’s assaults on Gulf states and different nations within the area, with Russia and China abstaining within the vote.
It additionally stated it “condemns any actions or threats by the Islamic Republic of Iran aimed at closing, obstructing, or otherwise interfering with international navigation through the Strait of Hormuz.”
Meanwhile, a minimum of one crew member was killed in an assault on two oil tankers close to Iraq, authorities in Baghdad stated, calling the motion “sabotage” however in a roundabout way blaming Iran. Risk analysts pointed to Iranian explosive-laden boats because the culprits.
Oil costs soared earlier within the week to just about $120 a barrel earlier than settling again to round $90. They rose 5 % on March 11 amid renewed fears about provide disruption.
Iran vowed to maintain up the financial stress on the remainder of the world.
“Get ready for oil to be $200 a barrel, because the oil price depends on regional security, which you have destabilized,” Iranian army spokesman Ebrahim Zolfaqari stated in feedback directed on the United States.
Wit reporting by Reuters and AFP
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01:07
US To Provide 172 Million Barrels To IEA Oil Reserve Release
The United States stated it could launch 172 million barrels of oil from its strategic reserve, a part of a wider program by the 32 member nations of the International Energy Agency to place 400 million additional barrels available on the market.
Earlier right this moment, 32 member nations of the International Energy Agency unanimously agreed to President [Donald] Trumps request to decrease power costs with a coordinated launch of 400 million barrels of oil and refined merchandise from their respective reserves,”a statement said.
Gasoline prices, shown here in Los Angeles, have risen following the US-Israeli air strikes against Iran.
The IEA said its members had agreed to release 400 million barrels into the market to help keep stem price rises.
The move comes as oil prices have surged amid fears of a major disruption to output and shipping in the Gulf region following the US-Israeli air strikes against Iran and subsequent retaliatory strikes by Tehran in the Gulf region.
For 47 years, Iran and its terrorist proxies have been intent on killing Americans. They have manipulated and threatened the energy security of America and its allies. Under President Trump, those days are coming to an end,” the assertion stated.
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22:13
11.3.2026
US Security Council Condemns Iran’s Attacks; Russia, China Abstain
The UN Security Council on March 11 condemned Tehran’s assaults on Gulf states and different nations within the area, with Russia and China abstaining within the vote.
The Security Council decision referred to as on Iran to right away stop its assaults on Gulf states, saying the strikes are in violation of worldwide legislation and pose a “serious threat to international peace and security.”
The decision calls for “the immediate cessation of all attacks by the Islamic Republic of Iran against Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, and Jordan.”
Smoke rises after an assault on the Bapco refinery in Bahrain, one of many Gulf nations focused by Iran.
Thirteen of the 15 members of the Security Council voted in favor of the textual content submitted by nonpermanent member Bahrain.
Tehran continues to focus on Gulf Arab allies of the United States with missile and drone assaults in retaliation for the US-Israeli air strikes in opposition to Iran.
The decision referred to as for an instantaneous finish to the Iranian assaults and likewise criticized Iran’s use of proxy teams resembling Hezbollah in Lebanon.
Iran condemned the decision, saying it was a “misuse” of the Security Council.
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19:48
11.3.2026
Zelenskyy Says Ukrainian Anti-Drone Teams Working In Gulf Countries
Ukrainian President Volodymyr Zelenskyy stated on March 11 that Ukrainian counter-drone specialists had begun work in three Gulf nations which were focused by Iranian assaults.
Kyiv has supplied toshare its expertise in taking pictures down Russian drones to assist Gulf states which can be being focused by the identical Iranian-designeddrones that Russia is utilizing in opposition to Ukraine.
Ukrainian President Volodymyr Zelenskyy showcases a downed Iranian-made Shahed kamikaze drones that Russia used to assault Ukraine, in Kyiv in October 2022.
“Three teams have been dispatched — powerful teams of experts, military personnel, engineers, and various individuals. Today, [they] are communicating and cooperating and have begun their work,” Zelenskyy instructed reporters.
The Ukrainian president’s spokesman additionally individually confirmed that the three nations embody Qatar, the United Arab Emirates, and Saudi Arabia.
A senior official instructed AFP that one other Ukrainian group was additionally in Jordan, however didn’t present additional particulars.
Ukraine makes use of a mixture of low-cost interceptor drones, digital warfare gadgets to jam indicators, and anti-aircraft weapons to shoot down Russian drones.
Kyiv has proposed substituting its interceptor dronesforexpensive air protection missiles that Gulf states at present use to shoot down Iranian drones.
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19:01
11.3.2026
Russia Evacuates 150 Personnel From Iran’s Bushehr Nuclear Plant, 450 Remain
Russia’s state nuclear company evacuated about 150 personnel from the Russian-built Bushehr nuclear energy plant in Iran in a single day, the top of Rosatom stated on March 11.
Aleksei Likhachev stated it was the second spherical of evacuations because the US-Israeli strikes on Iran started on February 28, however that some 450 Rosatom personnel stay on the web site.
A Russian employee walks previous the Bushehr nuclear energy plant, situated 1,200 kilometers south of Tehran (file picture)
Likhachev stated the scenario was tense, with some “strikes and explosions” occurring near the plant on the Persian Gulf, however that thus far “the participants in the conflict have refrained from direct attacks” on the positioning.
Bushehr, which has one reactor, is Iran’s solely operational nuclear energy plant. Rosatom is constructing two extra reactors there, however Likhachev stated final week that development work had halted.
With reporting by Interfax and Reuters
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17:56
11.3.2026
Fuel Tanks At Omani Port Struck By Drones
Omani state media reported March 11 that gas tanks on the nation’s port of Salalah had been focused by a drone assault.
The official Oman News Agency, citing a safety supply, stated a number of drones had been shot down whereas others attacked gas tanks within the port of Salalah. The company stated there have been no casualties within the assault.
Private maritime safety firm Vanguard Tech introduced the suspension of operations on the port after an assault on its southern half.
Images of flames spreading from gas tanks on the Port of Salalah have been launched.