13 March 2026 Punjab Khabarnama Bureau : Iran has reportedly launched a series of missile and drone attacks targeting several Gulf countries, marking a major escalation in the ongoing regional conflict and sending global oil prices sharply higher.
Security officials said the attacks were aimed at strategic locations across the Gulf region, including energy facilities, ports, and infrastructure in countries such as Saudi Arabia, Bahrain, Kuwait, and the United Arab Emirates.
Several air defence systems in the region reportedly intercepted incoming drones and missiles, preventing large-scale damage. However, some strikes caused disruptions near oil facilities and transportation routes, raising concerns about the security of energy infrastructure.
The escalation comes as tensions continue to rise between Iran, Israel, and the United States, with military exchanges increasing across different parts of the Middle East.
One of the biggest global concerns is the potential impact on energy supply routes, particularly the Strait of Hormuz, a crucial maritime passage through which a significant portion of the world’s oil exports passes. Any disruption to shipping in this area could affect global energy markets and fuel prices.
Following the attacks, oil prices surged as traders reacted to fears that the conflict could interrupt oil production and transport from the Gulf region. Analysts say geopolitical instability in the Middle East often leads to sharp fluctuations in global energy prices.
Energy experts warn that if the conflict spreads further, it could affect oil infrastructure, shipping routes, and export terminals across the region. Such disruptions could push fuel prices higher and create ripple effects across global economies.
Countries in the Gulf have increased security around critical infrastructure, including airports, oil terminals, and financial centers. Military and security agencies are closely monitoring airspace and maritime routes to prevent further attacks.
Meanwhile, international leaders have called for restraint and diplomatic dialogue to prevent the situation from escalating into a broader regional war. However, continued missile and drone activity indicates that tensions remain high.
The latest developments highlight how quickly geopolitical conflicts can affect global markets, especially when energy-producing regions are involved.
As the situation unfolds, governments and global markets will continue to watch closely for any signs of further escalation or possible diplomatic efforts aimed at reducing tensions.
Summary :
Iran launched missile and drone attacks targeting Gulf nations and energy infrastructure, escalating regional tensions and pushing oil prices higher amid fears of disruptions to global oil supply routes.