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War creating 'largest' oil shock in history as Iran hits new Gulf targets

Iran Oil Gulf Israel Katz Donald Trump United States the International Energy Agency United Nations IEA Tehran

A plume of smoke rises after a reported Iranian strike on fuel tanks in Bahrain. © Fadhel MADHAN / AFP

Tehran (AFP) – The Middle East war is creating the biggest oil supply shock in history, the International Energy Agency warned Thursday, as Iran launched a new wave of attacks against Gulf energy targets that sent prices spiking above $100 a barrel.

Images from Bahrain showed thick smoke rising after a strike on fuel tanks in Muharraq, with residents told to stay inside and close their windows.

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