TOPSHOT - The Burj Khalifa skyscraper (L), the world's tallest building, and the Burj al-Arab hotel (R) are pictured along the Dubai skyline on March 11, 2026. Iran said on March 11 that it was ready for a long war of attrition that would "destroy" the world economy, after firing on two commercial ships and threatening any vessels from the US or its allies. (Photo by Fadel SENNA / AFP via Getty Images) /

TOPSHOT - French President Emmanuel Macron chairs a video conference of G7 leaders to discuss the fallout of the war in Iran on the world economy, amid the US-Israeli war on Iran, at the Elysee Palace in Paris, on March 11, 2026. (Photo by Gonzalo Fuentes / POOL / AFP via Getty Images)

TOPSHOT - A photograph shows Dubai's skyline with the Burj Khalifa at the centre on March 11, 2026. The Gulf countries have long been seen as islands of stability in the Middle East, but the war in the region could threaten their prosperity, analysts said, pointing to risks to their revenues and reputations as business havens. (Photo by FADEL SENNA / AFP via Getty Images)

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) /

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) /

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) /

People gather to buy liquefied petroleum gas (LPG) cylinders at a godown in Hyderabad on March 12, 2026. Far from the Middle East, restaurants in India, the world's fastest-growing major economy, are feeling the conflict's heat with disruptions in cooking gas supplies. (Photo by Noah SEELAM / AFP via Getty Images)

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) /