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Updated 2026-03-19 18:05 UTC
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Iran threatens strikes on oil and gas targets after South Pars gas field hit

What happened

Iran launched strikes on Qatar's Ras Laffan complex, home to the world's largest LNG facility, causing what Qatar describes as "extensive damage." Natural gas prices surged over 25% as traders assessed potential supply disruptions. Qatar expelled Iranian embassy officials in response to the attack.

Why people care
The Ras Laffan facility is critical to global energy supply, and any disruption sends shockwaves through international markets. This represents a significant escalation in regional tensions, with escalates-as-global-economy-faces-inflation-surge.html" class="story-link" title="Bank of England 'ready to act' as it warns Iran war 'shock' will push up inflati">Iran directly targeting energy infrastructure of a major supplier.
The takes
Qatar says

The strikes caused extensive damage to critical infrastructure at the world's most important LNG facility. Iran's actions constitute an unprovoked attack on civilian energy infrastructure that threatens global supply chains.

Iran says

The strikes were retaliation for earlier attacks on Iran's South Pars gas field. Iran warned it would target oil and gas facilities in response to strikes on its own energy infrastructure.

Sources
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