Thursday, March 12, 2026

Oil Soars As 2 Oil Tankers Explode In Persian Gulf, Iraq's Oil Ports Stop Operations

"Oil prices surge as two oil tankers are attacked and explode in Iraqi waters, forcing Iraq to stop operations at its oil ports and sending oil toward $100/bbl.
'Largest wave of missiles since hostilities began' launched into northern
Israel by Hezbollah
President of Iran demands reparations and guarantees against future aggression.
Trump says the war with Iran will end soon, as there is 'practically nothing left to target."
U.S. and Israeli officials plan at least two more weeks of strikes
U.S. forces destroyed 16 Iranian mine-laying vessels in the Strait of Hormuz
Iran's drone production has been significantly degraded.
The IEA is preparing its largest-ever emergency crude oil release to counter surging Brent and WTI prices." ZH

5.1 Earthquake - 66 km north of Balkanabat, Balkan, Turkmenistan

"A strong magnitude 5.1 earthquake hit 66 km (41 mi) away from Balkanabat, Balkan,
Turkmenistan, around noon at 12.55 pm local time (Asia/Ashgabat GMT +5). 
The depth of the quake could not be determined, but is assumed to be shallow.
The quake was felt by many near the epicenter. The shallow depth of the quake caused it to be felt more strongly near the epicenter than a deeper quake of similar magnitude would." VD

128 frontline clashes over past day

"Ukrainian Defense Forces engaged in 128 combat clashes with Russia’s troops.
Ukrainian
aviation, missile forces, and artillery struck three clusters of Russian personnel, seven artillery systems, five UAV command points, a command-observation post, and three other key enemy targets.
In the Northern Slobozhanshchyna and Kursk sectors,
Ukrainian forces repelled one assault. Russia conducted four airstrikes with 10 bombs and 110 shelling attacks, including three MRL strikes.
In the Southern Slobozhanshchyna sector, one
Russian assault near Prylipka was repelled.
In the Kupiansk sector, three attacks occurred toward Novoplatonivka and Podoly.
In the Lyman sector, six attacks were repelled;
Russia attempted to breach defenses near Drobysheve and Cherneshchyna.
In the Sloviansk sector,
Ukrainian forces stopped seven enemy advances near Zakitne, Rai-Oleksandrivka, and Dronivka.
In the Kostiantynivka sector,
Ukrainian forces repelled 22 attacks near Kostiantynivka, Ivanopillia, Illinivka, Berestok, and Sofiivka.
In the Pokrovsk sector, 24 assault attempts were repelled near Bilytske, Nykyforivka, Rodynske, Myrnohrad, Kotlyne, Udachne, Muravka, Novopidhorodnie, and Novoplatonivka.
In the Oleksandrivka sector, there were three
Russian attacks near Ternove, Zlahoda, and Dobropillia." Ukrin