Nine To Noon What the latest attacks mean for oil and gas prices
Mar 19, 2026
Dr Adi Imsirovic, oil markets expert with 35 years trading experience and Oxford lecturing, breaks down recent strikes on energy infrastructure. He explains why gas facility damage is uniquely damaging. He compares spot and futures pricing, describes trader panic and rising transport and insurance costs. He outlines supply losses, inflation risks and how high prices could go if disruptions persist.
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Gas Facility Damage Has Multiyear Consequences
- Attacks on gas facilities cause far longer disruption than oil because gas plants operate at extremely low temperatures.
- Dr Adi Imsirovic explains gas plants may take up to five years to repair after damage due to minus 162°C operating conditions.
Prompt Oil Prices Can Far Exceed Futures
- Spot oil is far stronger than futures; prompt cargoes for near-term loading can trade much higher than quoted futures.
- Imsirovic notes prompt barrels now can cost about $170 a barrel while futures show around $110.
Policy Uncertainty Is Fueling Market Panic
- Traders are panicking because there's no clear endgame or predictable policy response from leaders.
- Imsirovic points to shifting goals from President Trump and market pessimism driving tightened pricing and behavior.