Middle East Conflict Escalates: Oil Prices Surge, UAE Intercepts Missiles

Mar 11, 2026

75 min

Mar 11, 2026 12:30

US-Israel war on Iran Day 12: World oil prices rally over 5%; UAE responds to missile threat

## Rising Oil Prices

Global oil prices have surged over 5% amid escalating tensions in the Middle East. Brent crude reached $92.23 per barrel, while West Texas Intermediate hit $88.38. The conflict has disrupted key shipping routes, notably the Strait of Hormuz, affecting global supply chains.

## UAE Missile Interceptions

The UAE has successfully intercepted 92% of 270 missiles over 11 days, as tensions continue to rise. The Ministry of Defence reported a 94% success rate against 1,475 drones. The country remains on high alert, urging citizens to stay informed through official channels.

## Impact on Aviation

Airlines in Asia, including Air India and Qantas, have increased fares due to rising fuel costs. Many carriers are rerouting flights to avoid Middle Eastern airspace, leading to higher operational costs and potential fare hikes for travelers.

## Regional Military Actions

The US and Israel have intensified military operations, targeting Iranian naval assets and Hezbollah infrastructure in Lebanon. Iran has accused these nations of hitting civilian sites, including a maritime ambulance in the Strait of Hormuz.

## Global Reactions

Turkish President Erdogan has called for an end to the conflict, warning of its potential to engulf the entire region. Meanwhile, Qatar and Oman have reported missile and drone threats, with Qatar successfully intercepting an attack.

## Humanitarian Concerns

The death toll in Lebanon has risen to 570, including 14 healthcare workers, due to ongoing Israeli strikes. The Lebanese Health Ministry has condemned attacks on medical teams, highlighting the humanitarian impact of the conflict.

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