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Oil & Gas Surge As Iran, Israel Escalate Energy Attacks | Horizons Middle East & Africa 3/19/2026

What happened

Israel struck trump-considers-draft-for-iran-war-amid-energy-crisis.html" class="story-link" title="Trump hasn’t ruled out a draft for war with Iran — but is conscription constitut">Iran's South Pars gas field while Iran attacked Qatar's Ras Laffan LNG facility, escalating tensions in a 20-day conflict. President Trump denied US knowledge of Israel's attack and threatened consequences if Iran continues targeting Qatari energy infrastructure. Oil and gas prices surged as markets responded to the attacks on critical energy facilities.

Why people care
South Pars and Ras Laffan are among the world's most significant energy facilities, with Qatar's site housing the largest LNG export plant globally. The attacks represent a serious escalation that directly threatens global energy supplies and markets during an ongoing regional conflict.
The takes
Markets say

Energy markets are responding with significant price increases as critical infrastructure faces direct targeting. The attacks on major gas facilities create immediate supply concerns and demonstrate how quickly regional conflicts can impact global energy security.

Trump says

The US was unaware of Israel's strike on Iranian facilities and is pressing for de-escalation from both sides. Israel has been warned against further attacks while Iran faces threats of major retaliation if it continues targeting Qatari energy infrastructure.

Sources
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