Oil nears $110 a barrel after gas field strike

Iran's military warned it would take "decisive action" in response to the strike on its energy infrastructure.

Iran’s South Pars Gas Field Is Attacked, Sending Energy Prices Soaring

The field is part of a vast gas reservoir shared by Iran and Qatar. The strike appeared to be the most significant attack on an energy site since the U.S.-Israeli air war against Iran began.

By Ravi Mattu

Oil prices surge after Israeli strike on Iran’s South Pars gasfield

There are fears that a period of elevated oil and gas prices could trigger a damaging wave of global inflation.

Oil in Europe is heading toward $110 after the strike on an Iranian natural gas facility – up 80% since the beginning of the year

The escalation of attacks on Iran’s critical energy infrastructure, such as the South Pars gas field, is triggering a new surge in prices The post Oil in Europe is heading toward $110 after the strike on an Iranian natural gas facility – up 80% since the beginning of the year appeared first on ProtoThema English.

By Newsroom

Oil nears $110 a barrel after gas field strike

Oil prices leapt to nearly $110 a barrel after Iranian media reported an airstrike hitting a facility on the world's largest natural gas field.

By Abubakar Ibrahim