QatarEnergy’s liquefied natural gas (LNG) production facilities in Ras Laffan Industrial City, Qatar, on March 2, 2026. ReutersIran intensified attacks on its Gulf Arab energy infrastructure on March 19, hitting a Saudi refinery, Qatari liquefied natural gas facilities, and two Kuwaiti oil refineries, in an escalation that sent oil prices sharply higher.Benchmark Brent crude rose to more than $119 a barrel at session highs early Thursday—close to the three-and-a-half-year peak touched on March 9—while U.S. West Texas Intermediate briefly climbed above $100, as markets reacted to the widening threat to Middle East supply.
Iran Steps Up Attacks on Gulf Oil Facilities, Sending Crude Prices Soaring
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