TOPSHOT - A plume of smoke rises after a reported Iranian strike on fuel tanks in Muharraq on March 12, 2026. Oil soared above $100 and stocks sank on March 12 as Iran's fresh attempts to hit supplies in the Middle East and threats to bring down the global economy overshadowed a record release of strategic crude by the International Energy Agency. Bahrain reported Iran had carried out an attack on fuel tanks in the country, while Saudi Arabia said it had intercepted drones headed to Shaybah oil field and drones struck fuel tanks at Oman's Salalah port, where operations were subsequently suspended. (Photo by Fadhel MADHAN / AFP via Getty Images) /