Brent oil prices could spike above $100 per barrel if the Gulf Arab countries run out of storage space and shut down production, according to JPMorgan.

A drone attack by Iran on a Kuwait targetted fuel tanks at Kuwait international airport, sparking a fire early on Sunday morning. Kuwait authorities said that firefighters were working to contain the blaze.

Two fuel tanks at Kuwait International Airport were hit by drones in a direct attack on critical infrastructure and the country’s armed forces responded to a wave of hostile drones, Kuwait’s Defense Ministry said early Sunday.

US Iran war news LIVE updates: Tehran has continued retaliatory strikes, with Kuwait saying it intercepted three three ballistic missiles, and Saudi Arabia downing three more drones near Riyadh.

The first American service members to die in the U.S.-Israeli war with Iran were killed in an apparent Iranian drone attack on a makeshift office space in Kuwait, sources told CBS News.

A huge fire has broken out in a tower in Kuwait amid reports of missile and drone attacks across the Middle East. Meanwhile, President Trump has intensified a diplomatic row with UK Prime

The video was one of several circulating online in early March 2026 claiming to show downed U.S. planes and aircrew.

The U.S. plans to offer tanker and cargo insurance in a scramble to get exports moving—and ease prices.