Iran War News Highlights: Iranian attacks hit refineries in Kuwait and Israel, widening the conflict’s impact on regional energy infrastructure. Oil prices rose on Friday as fears over Strait of Hormuz disruption persisted, despite international moves to protect shipping and boost supply. Meanwhile, Axios reported that the Trump administration is considering options involving Iran’s Kharg Island to pressure Tehran. The day started with a sharp jolt as Brent crude, the global benchmark, briefly surged past $119 per barrel—up from around $70 before the war with Iran. Fresh risks to oil and shipping remain in focus as Strait of Hormuz tensions continue.

Source: Mint March 21, 2026 04:17 UTC