US-Israeli war in Iran causes fuel panic across Asia
By Aria Chen
Published on March 12, 2026.
The US-Israeli war in Iran has caused fuel panic across Asia, with millions of people across the world being told to conserve energy. The International Energy Agency has unanimously agreed to release 400 million barrels of oil into the global market, the largest release of emergency oil stocks in history. This move is aimed at bolstering oil supplies and reducing a potential surge in prices caused by the conflict in the Middle East. The US military accidentally struck an Iranian elementary school, killing at least 168 children and 14 teachers, likely due to outdated information about a nearby naval base. The incident is under investigation and a spokesperson for the Defense Intelligence Agency declined to comment on the preliminary findings.
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