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MercoPress, en Español

Montevideo, March 19th 2026 - 01:36 UTC

Tag: South Pars

  • Wednesday, March 18th 2026 - 22:21 UTC

    Attack on world’s largest gas field raises tensions and jolts markets

    The market reaction was immediate. Brent crude rose to $110.94 a barrel, a daily gain of 7.28%, while Europe’s TTF gas benchmark climbed to 54.73 euros per megawatt hour, up 6.14% on the day

    The war involving Iran, Israel and the United States escalated sharply on Wednesday with a strike on South Pars, the Iranian side of the world’s largest natural gas field, which it shares with Qatar. Reuters reported that the hit on the site marked a new phase in the conflict by targeting major Iranian energy infrastructure for the first time in this war, and was followed by Iranian threats and attacks against energy targets across the Gulf.

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