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Oil & Gas Surge As Iran, Israel Escalate Energy Attacks | Horizons Middle East & Africa 3/19/2026

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Oil & Gas Surge As Iran, Israel Escalate Energy Attacks | Horizons Middle East & Africa 3/19/2026

Oil and gas markets react sharply as tensions rise between Iran and Israel, with key energy infrastructure targeted in recent attacks. Qatar confirms significant damage to the facility housing the world’s largest liquefied natural gas export plant following a strike attributed to Tehran. Global stock markets decline amid growing concerns over supply disruptions. Former President Trump calls for de-escalation, stating Israel will refrain from further strikes on Iran’s South Pars field, while clarifying that the United States did not participate in the specific attack. Central banks in the U.S. and Japan maintain current interest rates, citing ongoing inflation risks intensified by regional instability.

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