Hong Kong, March 12, 2026 (AFP) - Oil prices surge as supply fears offset IEA's record stockpile release

NAMPA / AFP

2026-03-12

Oil prices soared Thursday and stocks sank as Iran struck two tankers in Iraq and threatened to bring down the global economy, overshadowing a record release of strategic crude by the International Energy Agency. As the US-Israel strikes on the Islamic republic approached their third week, the conflict showed no signs of letting up with Tehran responding with more retaliatory attacks across the Gulf. The IEA said Wednesday that its members had ag......

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