Crude Oil Surges 5%, Gas Prices Climb 8% After Iran Identifies Gulf Energy Targets

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Oil, Gas Prices Soar as Iran Targets Gulf Energy Assets After Attack

Tehran issued a list of similar assets in Saudi Arabia, Qatar and the United Arab Emirates that it said residents should avoid.

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Moneycontrol•18-03-2026, 19:19

Oil, Gas Prices Soar as Iran Targets Gulf Energy Assets After Attack

•Oil prices jumped 5% and European natural gas prices surged 8% after Iran listed Gulf energy targets.
•Iran claims the US and Israel attacked its South Pars gas field and facilities at Asaluyeh.
•Tehran issued a list of similar energy assets in Saudi Arabia, Qatar, and UAE, warning residents to avoid them.
•The Islamic Revolutionary Guard Corps declared these Gulf sites as "direct and legitimate targets."
•The conflict has halted Strait of Hormuz shipping, shut down Qatar's LNG plant, and cut oil output.

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