March 18, 2026

Oil Prices Jump Following Attack on Iranian Gas Field

The attack on Iran’s energy assets sent Brent crude higher in a year that has already seen oil prices rise 80 percent.

Oil Prices Jump Following Attack on Iranian Gas Field

TL;DR

  • Brent crude prices rose to $109.80 a barrel.
  • Airstrikes reportedly hit Iran’s South Pars gas field and facilities in Asaluyeh.
  • Benchmark Brent futures have stayed above $100 per barrel for four trading sessions.
  • The rise follows a 3 percent increase on Tuesday.
  • The attack is the latest disruption to global oil supply.

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