Iran threatens Gulf energy targets after Pars gas field struck, sending oil prices higher

2026-03-18 - 17:12

Iran’s ⁠huge Pars gas field was hit on Wednesday in the first reported strikes on Iran’s Gulf ⁠energy infrastructure of the US-Israeli war, prompting Tehran to announce it would respond with attacks on oil and gas targets throughout the Gulf. Oil prices shot up after the attack, a major escalation in a war that has already halted shipping from the world’s most important energy-producing region and could now bring lasting damage to its infrastructure. Benchmark Brent crude prices rose around 5...