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newsMar 20, 20261:41

Iran's Drone Attacks Escalate, Global Oil Prices Soar

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Tensions escalate in the Middle East as Iran intensifies drone attacks on Gulf Arab oil facilities, targeting Kuwaits Mina Al-Ahmadi refinery and Bahrains warehouses. Saudi Arabia intercepts drones, while explosions rock Dubai and Jerusalem. The conflict has claimed over 1300 lives in Iran, with Israel reporting 19 deaths. Despite heavy damage, Irans Revolutionary Guard continues missile production, vowing to strip enemies of security. Global oil prices surge, disrupting supplies and driving up costs worldwide.

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Iran's Drone Attacks Escalate, Global Oil Prices Soar

Canada News Today | 2 Min News | The Daily News Now!

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Canada News Today | 2 Min News | The Daily News Now!Iran's Drone Attacks Escalate, Global Oil Prices Soar. Machine-transcribed; use the interactive transcript above to jump the player to any line.

This is Cory with the story with Canada News today, powered by the Daily News Now. Iran has ramped up drone attacks on oil facilities across Gulf Arab states, hitting back after Israel's struck its huge South Pars natural gas field. Earlier this week, targets included Kuwait's massive Mina al-Ahmadi refinery, which handles over 730,000 barrels of oil a day and was hit twice in. In recent days, meanwhile, Bahrain reported a warehouse fire from Shrapnel of an intercepted projectile, while Saudi Arabia shot down drones aimed at its oil rich. Eastern region, explosions rattled Dubai and Jerusalem, too, as air defenses worked over time, all during Eid al-Fitr celebrations marking the end of Ramadan. The war, which kicked off February 28, has killed more than 1,300 in Iran, including top leaders like the Supreme. Leader and his successor's key spokesman, Israel reports 15 deaths from Iranian missiles

plus four in the West Bank, with over 13 U.S. troops lost in more than 1 million, displaced in Lebanon from related strikes. Iran's revolutionary guard claims they're still cranking out missiles, despite heavy damage to their military, navy, and air force. Even as strikes took out more officials, their new Supreme Leader vows to strip enemies of security. These hits are spiking global oil prices, with Brent Crude now around $107 a barrel of 47% since fighting began. Disruptions in the straight-of-form moves threaten supplies worldwide, driving a fuel, food, and even chip and fertilizer costs, as the conflict drags on, without a clear end in sight.

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