The war between the US, Israel and Iran is increasingly becoming an energy and economic one. Oil depots in the Middle East and tankers in the Persian Gulf and Oman have been targeted, sending fuel prices soaring.
Oil prices have again topped $100 a barrel, despite the International Energy Agency (IEA) announcing plans to release more than 400 million barrels of oil reserves.
Tankers on fire and evacuations
Security concerns have forced the closure of oil export terminals in Oman and Iraq.
Authorities in Bahrain have announced attacks on fuel depots near Manama International Airport.
Two oil tankers were hit off the coast of Iraq, and a Thai-flagged cargo ship traveling from the United Arab Emirates to India also burst into flames after being hit by Iranian missiles.
The Saudi Arabian Defense Ministry announced that it had shot down a drone targeting the Shaiba oil field. Riyadh announced that it had shot down nearly 20 drones in just one day.
In Oman, on Wednesday, drones hit oil tanks in the port of Salalah. Iran officially denied any involvement in the attack and announced that it "respects Oman".
Drone and missile attacks were recorded for another day in the United Arab Emirates - in Dubai, a drone hit a residential building, and banking and financial institutions in Dubai and Qatar closed their doors after threats from Tehran that it would respond to Israeli and American strikes against the country. The main building of the "Sepah" bank was hit. Tehran and Beirut have again come under massive missile attack.
Attempts to calm prices
The 32 member states of the IEA have unanimously decided to release an unprecedented 400 million barrels of oil reserves to calm prices. At the same time, European countries are introducing a number of measures to limit the rise in prices.
Austria has banned gas stations from raising prices more than three times a week. Gasoline prices in the Alpine country have risen by 14 percent since the start of the war, and diesel by 25 percent. Germany has also resorted to similar measures and has banned price increases more than once a day.