00:01The International Energy Agency says the war in the Middle East is creating the biggest oil supply disruption in history.
00:07The IEA says global supply is expected to drop by 8 million barrels per day in March, a volume equal
00:13to almost 8% of world demand.
00:15This is due to the blocking of the Strait of Hormuz, a narrow channel along the Iranian coast.
00:20Oil prices continue to rise as Iran stepped up attacks on oil and transport facilities across the Middle East.
00:25Two tankers were ablaze in Iraqi waters on Thursday, March 12.
00:29Footage shows ships engulfed in massive orange fireballs lighting up the night sky.
00:34Iraqi authorities say the vessels were attacked overnight by Iranian boats laden with explosives.
00:39At least one crew member was killed.
00:41The attack comes after U.S. President Donald Trump told a campaign-style rally in Kentucky on Wednesday that we
00:46won.
00:47You know, you never like to say too early you won. We won. We won. In the first hour, it
00:51was over.
00:52But three sources tell Reuters, Iran's leadership is still largely intact and not at risk of collapse anytime soon.
00:59.
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