Escalating Attacks in Iran and Lebanon Lead to Rising Oil Prices
March 17, 2026
Intense bombardments are ongoing in Iran and Lebanon as the conflict between the US-Israel and Iran escalates. Attacks are focused on infrastructures and tankers. Oil prices are rising again, with WTI crude reaching $96.03 per barrel. A tanker was hit in the Gulf of Oman, sustaining minor damages without injuries reported. The Israeli military is ramping up attacks against Iranian targets.