OPEC said on Wednesday that Saudi Arabia sharply increased oil production in February ahead of U.S. and Israeli strikes on Iran and kept its forecasts for relatively strong global oil demand growth this year.

Iran attacked commercial ships on Wednesday across the Persian Gulf and targeted Dubai International Airport, escalating a campaign of squeezing the oil-rich region as global energy concerns mounted and American and Israeli airstrikes pounded the Islamic Republic.

Iran has defended its strikes against its Gulf countries but its neighbors say attacks have damaged trust for a long time.

Iran attacked commercial ships on Wednesday across the Persian Gulf and targeted Dubai International Airport, escalating a campaign of squeezing the oil-rich region as global energy concerns mounted and American and Israeli airstrikes pounded the Islamic Republic.

Iran fires missiles and drones across the Gulf including oil infrastructure in Saudi Arabia and a ship off the coast of the Emirates. Israel and the United States strike targets across the Islamic Republic.

Mojtaba Khamenei, a son of Iran's late supreme leader, has been named as the Islamic Republic's next ruler, authorities announced Monday, as Tehran widened its attacks across the Mideast to strike

Iranian fired drones towards Saudi Arabia and Kuwait early Tuesday as U.S. President Donald Trump sent contradictory signals about how long the war could last, fueling uncertainty that’s causing markets to swing.