Here are the latest economic events in the Middle East war on Wednesday: - Iranian hacking group targets US medical firm - The Iran-linked hacking group Handala claimed responsibility for a cyberattack on US medical technology giant Stryker,

By Cassell Bryan-Low LONDON, March 11 (Reuters) - Naval drones have been used in at least two attacks on oil tankers in the Gulf region since war erupted between the U.S., Israel and Iran, according to maritime authorities and analysts,

The degree to which the IEA acted is being interpreted that the conflict could continue for many weeks, said analysts.

Brent crude edged above $100 a barrel, having settled in triple-digit territory for the first time since August 2022. A fire has been reported on an oil rig off the coast of the United Arab Emirates, according to maritime intelligence group Ambrey.

Energy Secretary Chris Wright on Wednesday said there will be a “surge of investment” in the Middle East after the Iranian regime is “defanged.” Wright has been a frequent face on television this week as he makes the case that the short-term increases in energy costs will be worthwhile by reducing Iran’s long-term ability

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.

By Laila Kearney, Scott DiSavino and Stephanie Kelly NEW YORK/LONDON, March 10 (Reuters) - Oil prices plunged by more than 11% on Tuesday, the steepest percentage drop of any session since 2022, a day after U.