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US-Iran War News Live Updates: Drone Falls On Building In Dubai Creek Harbour, US To Release 172 Million Oil Barrels From SPR

NDTV Profit·12 March 2026·2h ago1 min read0 views
US-Iran War News Live Updates: Drone Falls On Building In Dubai Creek Harbour, US To Release 172 Million Oil Barrels From SPR

In ongoing developments surrounding the US-Iran conflict, airstrikes by the US and Israel against Iranian and Hezbollah targets in Lebanon have intensified on the thirteenth day of hostilities. President Donald Trump has publicly declared a strategic victory amid these operations, emphasizing the commitment to countering Iranian influence in the region. The situation escalated further with a drone incident in Dubai Creek Harbour, raising concerns about the potential for broader regional destabilization. In response to the conflict's impact on global oil supply chains, the US government has announced plans to release 172 million barrels of oil from its Strategic Petroleum Reserve (SPR) to mitigate rising prices and ensure market stability. This move underscores the intersection of military action and economic strategy in the context of the ongoing conflict, as the US seeks to maintain its influence while addressing domestic concerns over energy costs. The situation remains fluid, with international observers closely monitoring developments as both military and economic strategies unfold in this volatile geopolitical landscape.

Originally reported by NDTV Profit. Read original article

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