Iran's Drone Attacks Escalate Gulf War, Oil Prices Surge


Author: The Daily News Now! March 12, 2026 Duration: 1:50
Podcast episode
Iran's Drone Attacks Escalate Gulf War, Oil Prices Surge

Irans escalating drone and missile attacks on energy sites across the Gulf and toward Israel have sent crude oil prices soaring past $100 a barrel. The attacks have resulted in at least one death and injuries, with operations halted at key ports and ships facing projectiles. Iran has warned of a long war that could devastate the global economy, while the US has spent over $11 billion in the conflict. The war has also spread to Lebanon, with over 630 deaths and 800,000 displaced.

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