US EditionBBC World Service - Newshour, The Global Impact of Energy Price Rises
Iran retaliated against Israel's South Pars strike by hitting Gulf energy sites, including Qatar's Ras Laffan LNG, causing fires and diplomatic expulsions, with 20% of global LNG output affected.
- Early on Thursday, Iran launched missile strikes against Qatar's Ras Laffan LNG facility, causing fires and extensive damage. Qatar expelled several Iranian military and diplomatic personnel, ordering them to leave within 24 hours.
- These strikes followed Israel's Wednesday attack on the South Pars gas field, the world's largest, which the Israeli military claimed targeted fuel storage complexes used by the Islamic Revolutionary Guard Corps .
- Brent crude prices surged past $112 per barrel following the Ras Laffan attack, while European wholesale gas prices jumped to their highest level in over three years.
- President Donald Trump issued a stark warning that the United States would "massively blow up" South Pars if Qatar's facilities were targeted again, though he previously denied prior knowledge of Israel's initial strike.
- Expanding the conflict to Eastern Mediterranean fields like Leviathan and Tamar could transform the situation into a multi-basin energy crisis, potentially fueling a global wave of inflation.
46 Articles
46 Articles
In an action that intensified the war between the United States and Israel against Iran, the second country attacked the vitally important Iranian gas field of South Pars. Shortly thereafter, the Islamic Republic did the same with energy facilities throughout the Gulf region, including a gas plant in Ras Laffan, Qatar.
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Retaliatory strikes by Iran on Qatar LNG hub freaks out Trump
Iranian retaliatory attacks on its Ras Laffan energy complex in Qatar on Wednesday and the early hours of Thursday have spiked gas prices globally. It has also caused Trump to put out an unhinged statement. Statement from President Trump on South Pars Gas Field: pic.twitter.com/YrjhDdGTxP — The White House (@WhiteHouse) March 19, 2026 Iran also struck Saudi energy facilities in retaliation for Israel’s bombing of Iran’s South Pars gas field. Ir…
BBC World Service - Newshour, The global impact of energy price rises
It has been a day of turmoil on the world's financial markets after Israel - on Wednesday - struck an Iranian facility in the South Pars gas field, part of the world's biggest natural gas field, which Iran shares with Qatar. That, in turn, prompted Iran to retaliate against energy facilities in Qatar and its other Gulf neighbours sending the price of both gas and oil surging upwards. Also in the programme: a mysterious signal is being broadcast…
The United States and Israel attacked Iranian installations serving the huge gas field at South Pars/North Dome, shared with Qatar. In response, the world's first liquefied gas (LNG) production site, located in Qatar in Ras Laffan, was targeted by Iran. Operations that led to a new surge in gas prices. What are the consequences for the French? Let's take stock. - Gas prices are still rising: what consequences for your bill? (Economy).
The British right ponders life after Donald Trump
The global energy crisis has escalated after Israel bombed South Pars, the Iranian-controlled part of the world’s largest natural gas field, while Iran retaliated with missile strikes on Ras Laffan, the site of Qatar’s main gas-producing facility. Donald Trump said Israel was responsible for the South Pars attack and denied US involvement. He called for both sides to stop targeting energy infrastructure as the war slips out of his control. Marke…
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