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 launches drones at Saudi Arabia and Kuwait as U.S. President Donald Trump sends mixed messages about the war, fueling market uncertainty

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

Iran launched drones targeting Saudi Arabia and Kuwait, coinciding with mixed messages from U.S. President Trump about the conflict's duration, causing economic and geopolitical tensions.

Iran hit the U.S. Embassy in Saudi Arabia’s capital with a drone strike as it kept striking targets around the region.

Iran fired missiles and drones at targets across the Gulf including oil infrastructure in Saudi Arabia and a ship off the coast of the Emirates, while Israeli and the United States struck 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

As the conflict between US-Israel and Iran continues to escalate, the UAE has sounded alerts over a fresh barrage of missiles from Iran. Meanwhile, Saudi Arabia also intercepted two drones heading towards Shaybah oilfield.