Iran Keeps up Pressure on Oil Infrastructure as Concerns of Global Energy Crisis Grow

Rocket trails are seen in the sky above the Israeli center coastal city of Netanya amid a fresh barrage of Iranian missile attacks on March 11, 2026. (AFP)
Rocket trails are seen in the sky above the Israeli center coastal city of Netanya amid a fresh barrage of Iranian missile attacks on March 11, 2026. (AFP)
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Iran Keeps up Pressure on Oil Infrastructure as Concerns of Global Energy Crisis Grow

Rocket trails are seen in the sky above the Israeli center coastal city of Netanya amid a fresh barrage of Iranian missile attacks on March 11, 2026. (AFP)
Rocket trails are seen in the sky above the Israeli center coastal city of Netanya amid a fresh barrage of Iranian missile attacks on March 11, 2026. (AFP)

Israel and Iran exchanged fire early Wednesday, with Tehran keeping up pressure on the region's oil industry and targeting infrastructure as global energy concerns mounted and the war in the Middle East showed no signs of abating.

Early Wednesday, a projectile hit a container ship off the coast of Oman in the Strait of Hormuz, setting it ablaze and forcing the crew to abandon the vessel, the British military said. Kuwait said its defenses downed eight Iranian drones and Saudi Arabia said it intercepted five drones heading toward the Kingdom’s Shaybah oil field.

Iran has effectively stopped cargo traffic in the narrow strait through which about a fifth of all oil is shipped from the Gulf toward the Indian Ocean. It has also targeted oil fields and refineries in Gulf Arab nations as part of a strategy apparently aimed at generating enough global economic pain to pressure the United States and Israel to end their strikes.

The UN Security Council was to vote later in the day on a resolution sponsored by the Gulf Cooperation Council demanding Iran stop attacking its Arab neighbors.

Israel said it had renewed attacks on Tehran, following multiple strikes the day before that residents described as some of the heaviest during the war.

Explosions were also heard in Beirut and in southern Lebanon after Israel said it had started a new assault on targets related to the Iran-linked militia Hezbollah.

Israel pounds Lebanon with new wave of attacks

The attacks set a building ablaze in central Beirut in the densely populated Aisha Bakkar area, engulfing the top two floors of the multistory structure. There were no immediate reports of casualties from the strike, which came without warning.

An earlier Israeli strike killed five people in the Nabatieh district in southern Lebanon, while two more were killed in strikes in the Tyre and Bint Jbeil districts, Lebanon's Health Ministry said. A Red Cross worker also died Wednesday of wounds sustained Monday, when his team was hit by an Israeli strike while they were rescuing people from an earlier attack.

Nearly 500 people have been killed so far in Lebanon since Hezbollah triggered the latest round of fighting with Israel when it fired rockets into the country’s north after the American and Israeli attacks on Iran started.

Iran launches multiple salvoes at Israel and Gulf nations

Israel warned of three Iranian attacks early Wednesday, with sirens heard in Tel Aviv and elsewhere but no immediate reports of casualties.

In addition to Iranian attacks targeting Saudi Arabia's oil fields, the Kingdom's defense ministry said it had destroyed six ballistic missiles launched toward Prince Sultan Air Base in eastern Saudi Arabia. The ministry also said it intercepted and destroyed two drones over the eastern city of Hafar al-Batin.

In the Strait of Hormuz north of Oman, a cargo ship was hit with a projectile and set on fire, according to the United Kingdom Maritime Trade Operations center, run by the British military.

Iran did not immediately claim the attack though it has been targeting ships in and around the strait.

The UKMTO earlier reported on another attack targeting a container ship off Ras al-Khaimah in the United Arab Emirates. In that case, it said the “extent of the damage is currently unknown but under investigation by the crew.”

The United Arab Emirates said early Wednesday that its air defenses were working to intercept incoming Iranian fire. The nation said Iranian attacks have killed six people and wounded 122 others there.

Bahrain sounded sirens early Wednesday, warning of an incoming Iranian attack. The warnings came a day after an Iranian attack hit a residential building in the capital, Manama, and killed a 29-year-old woman and wounding eight people.

At the United Nations, the Security Council was to vote Wednesday afternoon on the Gulf Cooperation Council resolution, according to three diplomats speaking on condition of anonymity ahead of an official announcement.

The council, a six-nation regional bloc, said its own facilities were targeted in an Iranian attack last week on Bahrain.

The draft resolution, obtained by The Associated Press, condemns Iran’s attacks on Saudi Arabia, Bahrain, Kuwait, Oman, Qatar, the United Arab Emirates and Jordan. The measure calls for an immediate end to all strikes and threats against neighboring states, including through proxies.

It would be the first Security Council resolution considered since the start of the war.

Oil prices stay high

Oil prices remained well below the peaks Monday but the price of Brent crude, the international standard, was still up some 20% Wednesday from when the war began, and consumers around the world are already feeling the pain at the pump.

The spike in oil prices has been rocking financial markets worldwide because of worries that the war could block the global flow of oil and natural gas for a long time.

The US military said Tuesday it had destroyed 16 Iranian minelayers near the Strait of Hormuz, though US President Donald Trump said in social media posts that there were no reports yet of Iran mining the passage, a prospect that experts warned of preceding the war.

If the strait is mined, it could take at least weeks to clean it up once the conflict is over.

Some tankers, believed linked to Iran, are continuing to get through the strait making so-called “dark” transits -- meaning they aren’t turning on their Automatic Identification System tracks, which show where vessels are. Vessels carrying sanctioned Iranian crude often turn off their AIS trackers.

The security firm Neptune P2P Group said Wednesday there had been seven ships pass through the strait since March 8. Of them, five were linked to Iranian-associated shipping, it said. In ordinary times the strait typically sees 100 ships or more transit daily from the Gulf into the Gulf of Oman.

Meanwhile, the commodity-tracking firm Kpler said Iran has restarted crude exports through its Jask oil terminal on the Gulf of Oman. A tanker loaded roughly 2 million barrels at Jask on March 7, it said.

Foreign nationals flee region as death tolls rise

In addition to the nearly 500 people killed in Lebanon, Iran has said more than 1,300 people have been killed there and Israel has reported 12 people dead.

The US has lost seven soldiers while another eight have suffered severe injuries.

Many foreign nationals have been getting out of the Gulf region since the war began, including over 45,000 UK citizens, the British Foreign Office said. Some 40,000 people returned to the United States, according to the State Department.



Israel Urges UNSC to Designate Iran Guards 'Terrorist Organization'

A fragment of an Iranian missile is pictured on the outskirts of Israel's central city of Elad on March 10, 2026.  (Photo by Ilia YEFIMOVICH / AFP)
A fragment of an Iranian missile is pictured on the outskirts of Israel's central city of Elad on March 10, 2026. (Photo by Ilia YEFIMOVICH / AFP)
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Israel Urges UNSC to Designate Iran Guards 'Terrorist Organization'

A fragment of an Iranian missile is pictured on the outskirts of Israel's central city of Elad on March 10, 2026.  (Photo by Ilia YEFIMOVICH / AFP)
A fragment of an Iranian missile is pictured on the outskirts of Israel's central city of Elad on March 10, 2026. (Photo by Ilia YEFIMOVICH / AFP)

Israel's foreign minister on Wednesday urged the UN Security Council to designate Iran's powerful Revolutionary Guards a "terrorist organization", as the US-Israeli war against the Islamic republic raged for a 12th day.

"The Iranian regime's recent actions underscore that its aggression constitutes a direct threat not only to Israel, but to regional and international peace and security," Gideon Saar posted on X.

"I urge the UN Security Council to condemn Iran and immediately designate the IRGC as a terrorist organization," he added, addressing a letter to the US ambassador to the UN, Mike Waltz, who is the current president of the Security Council, AFP reported.

The IRGC was created after the 1979 revolution to protect the Islamic republic, with a stated mission to "guard the revolution and its achievements".

The influence of the IRGC extends into politics and business, where it is a major player with involvement in most sectors of Iran's sanctions-hit economy.

The IRGC answers to Iran's supreme leader and boasts its own ground, naval and air forces.

The United States and Israel launched strikes on Iran on February 28, killing its supreme leader and plunging the Middle East into a spiralling war.

The US has already designated the Iran Guards a "terrorist organization", with the European Union following suit in January over a deadly crackdown on mass protests.


Spain Removes Ambassador to Israel

Spanish Prime Minister Pedro Sanchez delivers a speech during the opening ceremony of the first International Forum Against Hatred in Madrid, Spain, 11 March 2026.  EPA/Chema Moya
Spanish Prime Minister Pedro Sanchez delivers a speech during the opening ceremony of the first International Forum Against Hatred in Madrid, Spain, 11 March 2026. EPA/Chema Moya
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Spain Removes Ambassador to Israel

Spanish Prime Minister Pedro Sanchez delivers a speech during the opening ceremony of the first International Forum Against Hatred in Madrid, Spain, 11 March 2026.  EPA/Chema Moya
Spanish Prime Minister Pedro Sanchez delivers a speech during the opening ceremony of the first International Forum Against Hatred in Madrid, Spain, 11 March 2026. EPA/Chema Moya

Spain’s government decided to remove its ambassador to Israel, according ⁠to the official state ⁠gazette published on Wednesday.

Spain's ⁠embassy in Tel Aviv will be led by a charge d'affaires, a source at ⁠the ⁠Foreign Ministry said.

Relations between Spain and the United States are "operating normally" despite US President Donald Trump's threats to cut trade with Madrid over its opposition to the US-Israeli war on Iran, the Spanish foreign minister said on Tuesday.

The leftist government of Prime Minister Pedro Sanchez drew Trump's ire last week after rejecting the war as reckless and illegal while banning US aircraft from using jointly operated bases in southern Spain in the offensive against Tehran.

Foreign Minister Jose Manuel Albares told reporters both Spain's embassy in Washington and the US ⁠embassy in Madrid were ⁠operating with "absolute normalcy”

"Our embassy in Washington is operating normally and has all the contacts it should have as usual," he said, adding that the same applied to the US embassy in Madrid.

Trump threatened on March 3 to impose a full trade embargo on Madrid, also citing the latter's ⁠refusal to meet NATO's new defense spending target of 5% of national output.


Kremlin Says It Is in Constant Touch with Iranian Leaders

05 March 2026, Russia, Moscow: Kremlin Spokesman Dmitry Peskov attends a meeting between Russian President Vladimir Putin and President of the Central African Republic Faustin-Archange Touadera at the Kremlin. (Kremlin/dpa)
05 March 2026, Russia, Moscow: Kremlin Spokesman Dmitry Peskov attends a meeting between Russian President Vladimir Putin and President of the Central African Republic Faustin-Archange Touadera at the Kremlin. (Kremlin/dpa)
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Kremlin Says It Is in Constant Touch with Iranian Leaders

05 March 2026, Russia, Moscow: Kremlin Spokesman Dmitry Peskov attends a meeting between Russian President Vladimir Putin and President of the Central African Republic Faustin-Archange Touadera at the Kremlin. (Kremlin/dpa)
05 March 2026, Russia, Moscow: Kremlin Spokesman Dmitry Peskov attends a meeting between Russian President Vladimir Putin and President of the Central African Republic Faustin-Archange Touadera at the Kremlin. (Kremlin/dpa)

Russia is constantly in touch with the Iranian leadership and willing to contribute to efforts to stabilize the region, the Kremlin said ‌on Wednesday.

"Here ‌I can ‌only ⁠say that we are ⁠in constant contact with the Iranian side and with the Iranian leadership," Kremlin spokesman ⁠Dmitry Peskov told reporters.

"As ‌President (Vladimir) ‌Putin has said, ‌Russia is always ready ‌to do what it can to restore peace and stability ‌in the region."

Putin and Foreign Minister Sergei Lavrov ⁠have ⁠spoken with their Iranian counterparts in recent days, while Putin also held a phone call with US President Donald Trump on Monday.