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Iran targets busiest international airport as top UN body demands halt to attacks on Gulf neighbors

DUBAI, United Arab Emirates, March 12, 2026 (AP) — Iran targeted the world’s busiest international airport Wednesday and attacked commercial ships as U.S. and Israeli strikes rocked Tehran, while the United Nations’ most powerful body demanded a halt to the Islamic Republic’s strikes on its Gulf neighbors that threaten global oil supplies. The latest attacks marked an escalation in Iran’s campaign aimed at generating enough global economic pain to pressure the United States and Israel to end the war that started 12 days ago. But there were no signs that the conflict was subsiding. On Thursday, an Iranian attack sparked

Stock markets tumble in early trade on boiling crude oil prices, weak global trends

Mumbai, Mar 12 (PTI) Equity benchmark indices Sensex and Nifty tumbled in early trade on Thursday as a sharp jump in crude oil prices due to the widening crisis in West Asia weighed heavily on investors’ sentiment. Besides, weak global market trends and relentless foreign fund outflows also dampened sentiments, analysts said. The 30-share BSE Sensex tanked 992.53 points to 75,871.18 in early trade. The 50-share NSE Nifty dived 310.55 points to 23,556.30. From the 30-Sensex firms, Eternal, InterGlobe Aviation, Mahindra & Mahindra, Adani Ports, Titan and ICICI Bank were among the biggest laggards. Tech Mahindra, NTPC and Reliance Industries

Rupee falls 31 paise to 92.32 against US dollar in early trade

Mumbai, Mar 12 (PTI) The rupee depreciated 31 paise to 92.32 against the US dollar in early trade on Thursday, pressured by FII outflows, rising global crude oil prices and a stronger greenback as the conflict in West Asia showed no signs of relenting. A weak start to the session at the domestic equity markets further weighed on the local unit, according to traders. At the interbank foreign exchange, the rupee opened at 92.25 against the US dollar and slipped further to 92.32, down 31 paise from its previous close. The local unit declined 16 paise to settle at 92.01

Brent crude oil tops $100 a barrel as Iran attacks on shipping worsen supply concerns

BANGKOK, March 12, 2026 (AP) — The price of a barrel of Brent crude oil, the international standard, topped $100 a barrel early Thursday, just days after it spiked near $120 in the latest jolts to financial markets and the global economy as a whole. Oil prices shot more than 9% higher as supply concerns worsened with Iranian attacks on commercial shipping around the Strait of Hormuz. U.S. benchmark crude oil jumped to about $95 a barrel. The latest attacks marked an escalation in Iran’s campaign aimed at generating enough global economic pain to pressure the United States and Israel

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