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Lebanon Bound to Wider Middle East Conflict, Minister Says
Posted
March 12, 2026
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March 12, 2026
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1:32Now PlayingLebanon's Culture Minister Ghassan Salamé says his country's fate depends on what happens next in the wider Middle East conflict. #politics #worldnews #iran #israel #usa #lebanon
Iran launched a fresh wave of attacks on shipping in the Persian Gulf, briefly pushing crude back above $100 a barrel and intensifying the biggest oil market disruption in history.
The conflict has led to a surge in fuel prices, with some parts of the world experiencing shortages, and has forced Middle Eastern producers to slash oil output and implement workarounds to export barrels outside of the Strait of Hormuz.
The International Energy Agency warned that the conflict will slash global oil supply by 8 million barrels a day this month, and a historic release of reserves may not be enough to cool the rally in crude prices.
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