12 Oct 2026

21:49

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Home Blog Iran Threatens Regional Energy Sites After South Pars Strike

Iran Threatens Regional Energy Sites After South Pars Strike

codarx

codarx

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Update date: 2026/03/18

Oil and natural gas markets surged after Iran signaled it could retaliate against key regional energy infrastructure following reported strikes on its upstream assets. Brent crude climbed as much as 6% to $10.56 per barrel, while Europe’s gas benchmark jumped nearly 8%, highlighting mounting fears of supply disruption. Tehran said U.S. and Israeli forces targeted the South Pars gas field and associated facilities in Asaluyeh. The strike marks a significant escalation, representing the first direct attack on Iran’s upstream production…

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