Oil Prices Jump Following Attack on Iranian Gas Field

Date:

EnergyThe reported attack on Iran’s energy assets sent Brent crude higher in a year that has already seen oil prices rise 80 percent.Pumpjacks operate while others stand idle in the Belridge oil field near McKittrick, Calif., on March 10, 2026. Mario Tama/Getty ImagesBruce Parker3/18/2026|Updated: 3/18/20260:00Brent crude prices spiked on Wednesday following reports of strikes on Iran’s South Pars gas field.Brent crude prices jumped to $109.80 a barrel shortly after the opening bell of the U.S. stock market, following a morning where Brent futures fluctuated between $100 and $107 a barrel.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Jerome Powell Plans to Remain Fed Chair Until Kevin Warsh Is Confirmed

Federal Reserve Chair Jerome Powell speaks at a news...

Congress Working to Enact Trumps Prescription Drug Price Plan

House Committee on Energy and Commerce Chairman Rep. Brett...

Hormuz Crisis Raises Risk of Largest Energy Shock in Decades

Some say markets have long priced in Iran conflict...

Ukraine Accepts EU Offer to Fund Repairs to Druzhba Pipeline

The damage to the pipeline has become a source...