Headline: Middle East Conflict Intensifies as Oil Prices Surge and Military Incidents Reported Creating rumours Russia santions may be listed
- Mar 13
- 1 min read
Why this matters: Disruptions to shipping routes and escalating military activity risk destabilising global energy markets and regional security.
Date: 13 March 2026
Tags: World, Defence, Energy
Summary:
Oil prices rose above $100 per barrel amid escalating conflict in the Middle East.
Several cargo vessels were struck in the Gulf, raising concerns about global oil supply disruption.
Israel launched another wave of strikes targeting sites in Iran.
Iran fired additional missiles during ongoing exchanges with Israeli forces.
Four US crew members died after a KC-135 refuelling aircraft crashed over western Iraq.
The US military said the crash was not caused by hostile or friendly fire.
Drones entering Saudi Arabian airspace were intercepted by defence systems.
Debris from an intercepted projectile struck a building in central Dubai, causing damage but no reported injuries.
RAF Typhoon jets have been deployed to assist Bahrain in intercepting incoming drones.
The EU warned it may reassess oil and gas security if the Strait of Hormuz remains closed for a prolonged period.
Why this matters: Disruptions to shipping routes and escalating military activity risk destabilising global energy markets and regional security.
What’s next: Governments are strengthening air defences and coordinating energy security responses while monitoring developments in the conflict.
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