Brief by Shorts91 Newsdesk / 03:32am on 19 Mar 2026,Thursday Business
Global oil prices surged following Israel’s strike on the South Pars Gas Field, driven by fears of retaliation from Iran targeting Gulf energy infrastructure. Within hours, Qatar reported a ballistic missile strike on a key natural gas facility, triggering a fire and causing “extensive” damage. The incident heightened concerns over supply disruptions in a region critical to global energy markets. In response to escalating tensions, Qatar ordered some officials from the Iranian Embassy to leave the country. The developments underscore rising geopolitical risks and volatility in energy prices as conflict spreads across key production and export hubs.
