Oil Prices Surge Amid US-Israel-Iran Conflict; UAE Faces Missile Threats

Mar 11, 2026

65 min

Mar 11, 2026 20:30

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 by over 5% as tensions escalate in the Middle East, particularly due to the ongoing conflict involving the US, Israel, and Iran. The International Energy Agency announced a significant release of 400 million barrels from reserves to stabilize the market.

## UAE's Defensive Measures

The UAE has successfully intercepted 92% of 270 missiles and 94% of 1,475 drones over the past 11 days. The Ministry of Defence conducted a military funeral for two officers who died in a helicopter crash.

## Regional Tensions

The UN Security Council has demanded Iran cease its attacks on Gulf states, citing violations of international law. Iran has threatened to target regional ports if its own are attacked. Meanwhile, the US has warned that Iranian civilian ports could be targeted due to their use in military operations.

## Impact on Civilians

In Lebanon, a Red Cross worker was killed in an Israeli strike, marking the first such casualty since the conflict began. The Lebanese Health Ministry condemned attacks on medical teams.

## Diplomatic Developments

Switzerland has temporarily closed its embassy in Tehran, maintaining communication lines between the US and Iran. The UAE has called for international action against Iranian missile and drone attacks, highlighting violations of sovereignty and international law.

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