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Iran's Attacks Spike Oil Prices Amid Energy Crisis

3/19/2026

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Story summary
  • Attacks on energy infrastructure in the Persian Gulf threaten global oil and gas supplies.
  • Iran intensified strikes on Qatari liquefied natural gas (LNG) facilities in retaliation for the Israeli attack on the South Pars gas field.
  • Qatar reported extensive fires at its LNG facilities.
  • Brent crude prices surged above $110 per barrel.
  • The situation raises concerns about future energy supply disruptions.