Al Jazeera News Updates Iran says attacks on energy sites not over, Oil and gas prices spike
Mar 19, 2026
Coverage of a series of Iranian strikes on Gulf energy facilities and the regional fallout. Diplomatic tensions spike with expulsions and stern warnings from Washington. Global oil and gas markets react sharply, sending European gas futures and Brent prices surging. European leaders scramble to put energy costs at the top of the agenda.
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Iran Strikes Gulf Energy Sites After South Pars Attack
- Iran has carried out attacks on major energy facilities across Gulf states, escalating regional energy risk.
- Sites in Kuwait, Saudi Arabia, Qatar and the UAE were hit after Israel bombed South Pars, linking reprisals to that strike.
Ras Laffan Damage Intensifies Global LNG Concerns
- Damage at Qatar's Ras Laffan LNG complex is extensive, raising concerns about global LNG supply.
- Qatar expelled Iranian diplomatic staff after the linked Israeli strike on South Pars and U.S. denial of involvement.
Energy Prices Surge After Gulf Facility Attacks
- Attacks sharply drove up energy prices worldwide, indicating market sensitivity to Gulf supply threats.
- European gas futures spiked 35% and Brent rose to as high as $116 a barrel, highest since Russia's 2022 invasion of Ukraine.