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Oil prices soar as Iranian attacks set Gulf tankers ablaze

Iran appeared to have set ablaze two tankers in Iraqi waters as it stepped up attacks on oil and transport facilities across the Middle East, sending oil prices soaring again on Thursday.

1 report1 sourceMar 12, 2026, 10:33 AM
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The Globe and MailMar 12, 2026, 10:33 AM

Oil prices soar as Iranian attacks set Gulf tankers ablaze

Iran appeared to have set ablaze two tankers in Iraqi waters as it stepped up attacks on oil and transport facilities across the Middle East, sending oil prices soaring again on Thursday.

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