Iran's Islamic Revolutionary Guard Corps announced the 37th wave of strikes under Operation "True Promise 4" early on March 11. The strikes targeted U.S. military bases in Erbil, Iraq, the U.S. Fifth Fleet, and locations in Tel Aviv, Israel. Following the announcement, WTI crude oil prices experienced volatility, briefly turning negative and currently trading at $85.90, down 0.61%, after an earlier rise of over 2%.