Updated 2026-03-20 06:33 UTC
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Oil Ends Choppy Day as Trump, Netanyahu Try to Ease War Concerns

What happened

Bessent Says">Iranian missile strikes damaged major Persian Gulf energy facilities, including the world's largest LNG export plant in Qatar. Oil and natural gas prices surged initially, with European gas futures jumping 35%. US and Israeli leaders attempted to reassure markets, leading to volatile trading as oil ultimately ended higher despite their calming efforts.

Why people care
The Persian press conference; Iran ta">Gulf handles a massive portion of global energy exports, making any disruption a potential catalyst for worldwide price spikes. Energy markets are particularly sensitive to Middle East conflicts, as supply chain disruptions can ripple through everything from heating bills to transportation costs globally.
The takes
Markets say

The strikes represent a serious escalation that threatens critical global energy infrastructure. With the world's largest LNG facility damaged and supply chains at risk, sustained higher energy prices appear likely regardless of political reassurances.

Officials say

US and Israeli leaders are working to prevent further escalation and restore market confidence. Their coordinated messaging aims to reassure investors that diplomatic solutions remain possible and that energy supplies can be stabilized.

Sources
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