--- title: "Oil Climbing Back To $100 As More Cargo Ships Attacked In Gulf" type: "News" locale: "en" url: "https://longbridge.com/en/news/278860542.md" description: "Oil prices are nearing $100 per barrel as tensions rise in the Gulf region, with three cargo ships recently attacked. Despite the efforts of 32 countries to release 400 million barrels from strategic reserves to stabilize supply, the situation escalated with two foreign oil tankers hit by projectiles in Iraqi waters and a container ship attacked in the Persian Gulf, marking a total of six vessels targeted in two days." datetime: "2026-03-12T10:07:21.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/278860542.md) - [en](https://longbridge.com/en/news/278860542.md) - [zh-HK](https://longbridge.com/zh-HK/news/278860542.md) --- # Oil Climbing Back To $100 As More Cargo Ships Attacked In Gulf Add as your preferred news source on Google Add Now Oil prices are climbing back to $100 per barrel, despite efforts by 32 countries to release 400 million barrels from their strategic reserves to ensure supply in global markets. The price increase comes as three more cargo ships were attacked in the Gulf region. In the latest incidents of Iran's retaliatory attacks on energy supplies, two foreign oil tankers were hit by an "unknown projectile" in Iraqi waters. The UK's maritime agency said a container ship was attacked in the Persian Gulf, bringing the total number of vessels attacked by Iran in the region in the last two days to six. This article is part of our premium content offering.Subscribe with a RTTNews subscription. Subscribe Now Already subscribed? Sign in For comments and feedback contact: editorial@rttnews.com Business News ### Related Stocks - [PXJ.US](https://longbridge.com/en/quote/PXJ.US.md) - [DBO.US](https://longbridge.com/en/quote/DBO.US.md) - [XOP.US](https://longbridge.com/en/quote/XOP.US.md) - [IXC.US](https://longbridge.com/en/quote/IXC.US.md) - [BNO.US](https://longbridge.com/en/quote/BNO.US.md) - [IEZ.US](https://longbridge.com/en/quote/IEZ.US.md) - [VDE.US](https://longbridge.com/en/quote/VDE.US.md) - [UCO.US](https://longbridge.com/en/quote/UCO.US.md) - [OIH.US](https://longbridge.com/en/quote/OIH.US.md) - [CRAK.US](https://longbridge.com/en/quote/CRAK.US.md) - [XLE.US](https://longbridge.com/en/quote/XLE.US.md) - [IEO.US](https://longbridge.com/en/quote/IEO.US.md) - [XES.US](https://longbridge.com/en/quote/XES.US.md) - [USO.US](https://longbridge.com/en/quote/USO.US.md) ## Related News & Research - [Why Exxon Mobil Shares Are Trading Higher On Monday?](https://longbridge.com/en/news/282558894.md) - [Why US refiners are cashing in as Iran war disrupts oil flows](https://longbridge.com/en/news/282237679.md) - [Saudi Arabia restores full capacity on East-West oil pipeline to 7 million bpd](https://longbridge.com/en/news/282435794.md) - [Oil prices do not reflect full risks of Iran war, IEA's Birol says](https://longbridge.com/en/news/282705244.md) - [IEA stands ready to tap global oil reserves if needed, chief says](https://longbridge.com/en/news/282573908.md)