LIVE UPDATES: Qatar intercepts missile attack

Doha, Qatar: Oil soared above $100 and stocks sank Thursday as Iran s fresh attempts to hit supplies in the Middle East and threats to bring down the...

Doha, Qatar: Oil soared above $100 and stocks sank Thursday as Iran's fresh attempts to hit supplies in the Middle East and threats to bring down the global economy overshadowed a record release of strategic crude by the International Energy Agency, reported AFP. 

It stated that the IEA said Wednesday that its members had agreed to unlock 400 million barrels of oil from their reserves -- their largest release ever.

As Iran steps up attempts to disrupt supplies across the region, two tankers in Iraqi waters were reported struck Thursday. Baghdad had already said it was cutting output because of the crisis, with Kuwait and Saudi Arabia following suit.

Also Thursday, Bahrain reported Iran had carried out an attack on fuel tanks in the country, while Saudi Arabia said it had intercepted drones headed to Shaybah oil field and drones struck fuel tanks at Oman's Salalah port, where operations were subsequently suspended.

And the UK maritime agency said in an alert Thursday that a container ship near the United Arab Emirates was hit by an "unknown projectile".