Politics
2026.03.19 05:43 GMT+8

Attack on Iran's Pars oil fields sends gas prices soaring

Updated 2026.03.19 05:43 GMT+8
CGTN

An attack and subsequent fire in southern Iran's Pars natural gas fields on Wednesday, March 18 has sent gas and fuel prices surging.

Brent Crude oil, the international oil benchmark, spiked 6% at $109 a barrel, after the news broke, the New York Times reports.

Both Iran and Qatar blamed Israel for the attack, with Qatar’s foreign ministry calling it a "dangerous and irresponsible step" in the ongoing conflict between the U.S., Israel and Iran.

Israel has not commented.

The Iranian military vowed to respond following the attack. Take a look.

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