economy
March 18, 2026
Iran threatens Gulf energy facilities after Israeli attack on its largest gasfield
Revolutionary Guards say they will strike infrastructure in Saudi Arabia, UAE and Qatar after South Pars field hit
TL;DR
- Iran has threatened retaliatory strikes on energy infrastructure in Saudi Arabia, the UAE, and Qatar.
- The threats follow reported Israeli strikes on Iran's South Pars gasfield, its largest gas reserve.
- Specific targets mentioned include Saudi Arabia's Samref refinery and Jubail petrochemical complex, the UAE's al-Hosn gasfield, and Qatar's Mesaieed petrochemical complex and Ras Laffan refinery.
- The oil price climbed towards $110 a barrel due to concerns about disruption to global supplies.
- A Qatari government spokesperson warned that targeting energy infrastructure threatens global energy security.
- Previous Iranian attacks have hit the UAE's Shah natural gasfield, Iraq's Majnoon oilfield, and Fujairah.
- Daily oil exports from the region have fallen significantly due to drone and missile strikes and Iran's influence on the strait of Hormuz.
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