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US to draw down 172mn barrels of oil from SPR as part of global release

March 11, 2026
in Finance
Reading Time: 1 min read
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US to draw down 172mn barrels of oil from SPR as part of global release
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The United Arab Emirates said its air defences successfully engaged another wave of attacks from Iran on Wednesday.

Six ballistic missiles, seven cruise missiles and 39 drones were intercepted.

Meanwhile, Saudi Arabia’s defence ministry said it intercepted three ballistic missiles launched towards Prince Sultan Air Base and six drones in the kingdom’s Eastern Province.

One of the drones was aimed at the Shaybah oilfield in the Empty Quarter desert, which has increasingly become a target over the past week.

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