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Iran's Strikes on Gulf Energy Sites Trigger Oil Surge
3/21/2026
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Iran Escalates Attacks
- Iran has escalated attacks on Gulf energy sites, striking a Saudi refinery and Qatari LNG facilities after an Israeli strike on the South Pars gas field.
- Brent crude rose to $114 per barrel amid fears of an energy crisis.
- Saudi Arabia redirected oil shipments to the Red Sea due to security concerns.
- Iranian drone strikes hit Kuwaiti refineries, causing fires but no injuries.
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