A plume of smoke rises after a reported Iranian strike on fuel tanks in Muharraq on March 12, 2026. Oil soared above $100 and stocks sank on March 12 as Iran's fresh attempts to hit supplies in the Middle East and threats to bring down the global economy overshadowed a record release of strategic crude by the International Energy Agency. Bahrain reported Iran had carried out an attack on fuel tanks in the country, while Saudi Arabia said it had intercepted drones headed to Shaybah oil field and drones struck fuel tanks at Oman's Salalah port, where operations were subsequently suspended. (Photo by Fadhel MADHAN / AFP via Getty Images) /

People gather to buy liquefied petroleum gas (LPG) cylinders at a godown in Hyderabad on March 12, 2026. Far from the Middle East, restaurants in India, the world's fastest-growing major economy, are feeling the conflict's heat with disruptions in cooking gas supplies. (Photo by Noah SEELAM / AFP via Getty Images)

TOPSHOT - A plume of smoke rises after a reported Iranian strike on fuel tanks in Muharraq on March 12, 2026. Oil soared above $100 and stocks sank on March 12 as Iran's fresh attempts to hit supplies in the Middle East and threats to bring down the global economy overshadowed a record release of strategic crude by the International Energy Agency. Bahrain reported Iran had carried out an attack on fuel tanks in the country, while Saudi Arabia said it had intercepted drones headed to Shaybah oil field and drones struck fuel tanks at Oman's Salalah port, where operations were subsequently suspended. (Photo by Fadhel MADHAN / AFP via Getty Images) /

A worker weighs liquefied petroleum gas (LPG) cylinders at a godown in Hyderabad on March 12, 2026. Far from the Middle East, restaurants in India, the world's fastest-growing major economy, are feeling the conflict's heat with disruptions in cooking gas supplies. (Photo by Noah SEELAM / AFP via Getty Images)

A worker arranges liquefied petroleum gas (LPG) cylinders at a godown in Hyderabad on March 12, 2026. Far from the Middle East, restaurants in India, the world's fastest-growing major economy, are feeling the conflict's heat with disruptions in cooking gas supplies. (Photo by Noah SEELAM / AFP via Getty Images)

A worker unloads liquefied petroleum gas (LPG) cylinders from a truck in Hyderabad on March 12, 2026. Far from the Middle East, restaurants in India, the world's fastest-growing major economy, are feeling the conflict's heat with disruptions in cooking gas supplies. (Photo by Noah SEELAM / AFP via Getty Images)

Members of the All India Democratic Women's Association demonstrate around a liquefied petroleum gas (LPG) cylinder after price hikes and disruptions in cooking gas in Chennai on March 12, 2026. Far from the Middle East, restaurants in India, the world's fastest-growing major economy, are feeling the conflict's heat with disruptions in cooking gas supplies. (Photo by R. Satish BABU / AFP via Getty Images)

Members of the All India Democratic Women's Association demonstrate around a liquefied petroleum gas (LPG) cylinder after price hikes and disruptions in cooking gas in Chennai on March 12, 2026. Far from the Middle East, restaurants in India, the world's fastest-growing major economy, are feeling the conflict's heat with disruptions in cooking gas supplies. (Photo by R. Satish BABU / AFP via Getty Images)