Oil Prices Surge, Iran Attacks Tankers

0:00On March 12, oil prices have surged to $100 a barrel after Iranian attacks on ships in the Gulf overnight. Explosive field boats shrub two oil tankers and Iraqi waters near the Al-Faaport, setting them ablaze and killing at least one crew member. Smoke plumes rose near Bahrain International Airport on Muharq Island following what authorities called an Iranian strike, prompting warnings for, residents to stay indoors and seal windows against fumes. Videos show travelers rushing from the area amid the chaos. World leaders react swiftly, with the U.S. President Donald Trump, vowed to secure the straight-of-war moves for safe passage. In the U.K., Prime Minister Sir Keir Starmer promised to crack down on any profiteering from the price spikes hitting everyday energy bills. Thirty-two countries, including the U.K. and U.S., agreed to release 400 million barrels from emergency reserves to ease market pressures. Iran warned prices could double to $200 a barrel, as tensions choked this key oil route

1:04carrying a fifth of global supplies. Rescue efforts saved 25 crew from one burning vessel, but the conflict has already reportedly killed or injured over 1,100. Children across the region, according to UNICEF, with calls growing for de-escalation to protect civilians.