The price of crude oil has risen back up over $100 a barrel after an Iranian strike hit commercial ships on Thursday with no signs of the American-Israeli war with Iran slowing down.
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The Iranian military attacked ships around the Strait of Hormuz and the port of Basra in Iraq.
The ongoing war is now in its 13th day.
Here’s the latest of what’s happening on Thursday:
Oscars on alert after FBI warn possible ‘surprise attack’
The 2026 edition of the Academy Awards has its guard up after the FBI issued a warning about a possible “surprise attack” from Iran.
The FBI issued a warning to law enforcement officials in California claiming the state could be a target for retaliatory drone attacks due to American military actions in the Middle East.
Set to take place this Sunday, security will be increased but not overtly visible for the Oscars, Variety reports.
Footage of vessel being attack released by Iran
The Revolutionary Guard in Iran has claimed responsibility for attacking the Safesea Vishnu vessel off Iraq by releasing video of the moment it was struck.
The ship, which was flagged in the Marshal Islands, was attacked overnight. The footage showed explosions hitting the vessel.
Someone in the video can be heard screaming: “Allah is the greatest! The destruction of an American tanker in the northern district of the Persian Gulf! I obey you Khamenei! Hail be the Islamic Republic of Iran! Soldiers of the Islamic Revolutionary Guard Corps Navy!”
UPDATE: 2 oil tankers are on fire after being attacked in the Persian Gulf off Iraq, according to Reuters. It's unclear who carried out the attack. pic.twitter.com/6pHBKn6zcv
— BNO News Live (@BNODesk) March 11, 2026
Ukraine looking to sign drone deal with U.S.
Ukrainian President Volodymyr Zelenskyy is hoping to sign a major agreement with the United States on the production of drones. It requires White House approval, however.
If signed, the deal would cover the production of different types of drones and air defence systems that operate as a single system. The system would be capable of protecting against hundreds of Iranian drones and missiles, Zelenskyy said Thursday on Telegram.
He hoped American officials would be open to supporting the agreement, given the security challenges in the Middle East.
At least 19 ships damaged so far in war
At least 19 commercial ships have been damaged so far in the Israeli-U.S. war against Iran, figures from the Joint Maritime Information Center, a coalition overseen by the U.S. Navy, showed Thursday.
Throughout Wednesday night and into Thursday morning there were at least 16 ships attacked in the Persian Gulf and wider region.
Separately, an oil rig was also attacked off Saudi Arabia. Two ships at a port near Basra, Iraq, were hit by Iranian fire, while another was attacked off the coast of the United Arab Emirates on Thursday.
— With files from The Associated Press