Hezbollah Hits Israel With Largest Missile Attack Of War
Oil Prices Jump, Stocks Dump As Oil Tanker Explodes In Persian Gulf…
(ZeroHedge)
Top headlines of conflict
- Oil prices surge as another oil tanker is attacked and explodes
- ‘Largest wave of missiles since hostilities began’ launched into northern Israel by Hezbollah
- The US Navy said it was ‘too dangerous’ to escort tankers through still.
- 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.”
- Yet 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.
- Casualty estimates: over 1,200 killed in Iran from U.S./Israeli strikes (plus civilian reports), 13 deaths in Israel from Iranian retaliation, and 140 U.S. service members wounded (mostly minor).
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As night fell across the Middle East, Hezbollah launched a huge wave of at least 150 rockets rained down on northern Israel (Times Of Israel):
Lebanese terror group Hezbollah showered rockets and drones at northern Israel for hours, repeatedly sending hundreds of thousands of Israelis to shelters on Wednesday evening.
It marked the largest Hezbollah attack on Israel since hostilities intensified earlier this month, as the terror group began attacks to support its sponsor, Iran, which is under intense attack from a joint US-Israel air campaign that began on February 28.
An opening salvo of 100 rockets was launched around 8 p.m. as a missile from Iran targeted the central region of the country, in what Iran’s Islamic Revolutionary Guard Corps said was a coordinated attack. More Iranian missiles targeted the north and south of the country.
Footage shows Hezbollah’s large rocket barrage on northern Israel this evening. Around 100 rockets were fired, according to IDF assessments. pic.twitter.com/8wuG6J8kgg
— Emanuel (Mannie) Fabian (@manniefabian) March 11, 2026
This was followed by reports that an oil tanker had been hit by ‘explosive boats’ and was on fire in the Persian Gulf…
🚨 BREAKING: One of the oil tankers that was attacked by Iranian explosive boats in the Persian Gulf belongs to US based company @safeseagroup pic.twitter.com/4ogzMJLnae
— Amichai Stein (@AmichaiStein1) March 11, 2026
The tanker was targeted near Basra Port in southern Iraq, according to security sources cited by Baghdad Today on March 12 (bna IntelliNews).
The attack occurred in the waiting area near the Khor Abdullah waterway, approximately 11 miles from the export port caused a fire on the tanker, leading to significant damage to its structure.
The authorities confirmed that the crew of the targeted tanker, numbering more than 20, was successfully rescued. Farhan al-Fartousi, the head of the Iraqi Ports Company, confirmed the rescue to the Iraqi News Agency.
The tanker, which was flying a foreign flag, is believed to be American, though its specific nationality has not been confirmed. The attack took place within Iraq’s territorial waters, but no group has claimed responsibility for the incident.
It turns out that perhaps the area is not as “safe” as President Trump said it was. And as a reminder, the US Navy already said it was ‘too dangerous’ to escort tankers through still.
Oil prices are surging higher on the news with WTI back above $91 – now up on the week and 20% higher than yesterday’s lows…
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Shortly after the spike in crude oil, the US Department of Energy sent out the following statement:
- UNITED STATES TO RELEASE 172 MLN BARRELS OF OIL FROM STRATEGIC PETROLEUM RESERVE – DOE
…clearly damage control to tamp down the fire underneath oil prices that are once again out of control.
CONTINUE READING ARTICLE…
Header featured image (edited) credit: YouTube Al Jazeera open public card article tease.Emphasis added by (TLB)
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