Iran War: 10 Critical Updates on Tehran Blasts, Surging Oil Prices, and Gulf Tensions

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Iran War Escalates: Blasts Rock Tehran, Israel Attacks Hezbollah, Oil Surges

FILE PHOTO: Tankers sail in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates, March 11, 2026. REUTERS/Stringer/File Photo

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CNBC TV18•16-03-2026, 19:45

Iran War Escalates: Blasts Rock Tehran, Israel Attacks Hezbollah, Oil Surges

•Explosions reported in central Tehran; air defense systems activated after Israeli overnight strikes.
•Israel begins "limited and targeted ground operations" against Hezbollah positions in southern Lebanon.
•Drone attack targets oil facilities in UAE's Fujairah industrial zone, sparking a large fire.
•Saudi Arabia intercepts 61 drones; a Palestinian civilian killed by missile strike near Abu Dhabi.
•Global crude prices surge, with Brent North Sea crude rising 3% to $106.50 per barrel.

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