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Iran's Missile Strikes Spark Surge in Gas Prices

3/20/2026

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Story summary
  • Missile attacks on Qatar's liquefied natural gas (LNG) facilities by Iran caused natural gas prices to surge over 30%, with TTF futures at 71.68 euros per megawatt hour.
  • Brent crude prices surpassed $119 per barrel as Iran-Israel tensions rose, with Iran vowing retaliation for attacks on its South Pars gas field.
  • Asian stock markets fell as the conflict intensified.
  • The national average for unleaded gas reached $3.884 per gallon.