Oil and gas prices soar after strikes on Iran and Qatar energy facilities

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Oil and gas prices soar after strikes on Iran and Qatar energy facilities

Oil and gas prices have soared after a number of strikes on energy facilities in the Middle East.

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Iran’s South Pars gas facility, one of the largest natural gas fields in the world, was hit by Israel last night.

Iran retaliated, striking the Ras Laffan facility in Qatar, which is the world’s biggest liquefied natural gas plant.

President Trump said on social media that he would ‘blow up’ Iran’s major gas field if it strikes Qatar again.

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Date: March 19, 2026