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As attacks rattled markets, Treasury Secretary Scott Bessent said the Trump administration might lift restrictions on Iranian oil already loaded onto vessels.
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Prince Faisal bin Farhan, the foreign minister, said Saudi Arabia was prepared to take military action if necessary, after waves of missile and drone attacks.
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Iranian attacks on significant energy infrastructure and refineries in several Gulf countries pushed oil and gas prices higher in volatile trading on Thursday.
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President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israel strikes.
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European stocks slumped over 2% on Thursday as the Iran war escalates following attacks on Iranian and Qatari energy infrastructure.
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