Iran War Puts Global Energy Markets on the Brink of a Worst-Case Scenario

How Iran war became a worst-case scenario for Gulf states

The U.S.-Israeli military campaign against Iran took a dangerous turn on March 18 with tit-for-tat strikes on critical energy infrastructure that amount to the most serious regional escalation since the conflict began. First, an Israeli drone strike targeted facilities at Iran’s Asaluyeh complex, damaging four plants that treat gas from the offshore South Pars field, which straddles the maritime boundary between Iran and Qatar. Tehran vowed to r…

Targeting of Energy Facilities Is Turning Trump's Iran War Into a Worst‑Case Scenario for Gulf States

Republished with permission from The Conversation, by Kristian Coates Ulrichsen, Rice University The U.S.-Israeli military campaign against Iran took a dangerous turn on March 18, 2026, with tit-for-tat strikes on critical energy infrastructure that amount to the most serious regional escalation since the conflict began. First, an Israeli drone strike targeted facilities at Iran’s Asaluyeh complex, damaging four plants that treat gas from the of…

Targeting of energy facilities turned Iran war into worst‑case scenario for Gulf states

This view shows the liquefied natural gas production at the Ras Laffan facility in Qatar. (Photo by Stringer/picture alliance via Getty Images)The U.S.-Israeli military campaign against Iran took a dangerous turn March 18, with tit-for-tat strikes on critical energy infrastructure that amount to the most serious regional escalation since the conflict began. First, an Israeli drone strike targeted facilities at Iran’s Asaluyeh complex, damaging f…

Iran War Puts Global Energy Markets on the Brink of a Worst-Case Scenario

The war in Iran reached a new extreme this week, as both Israel and Iran launched strikes on oil and gas production and export facilities. The attacks up the stakes in a war that was already choking energy and commodity markets, and will threaten the long-term health of the global economy. On…