Iran ramped up its attacks on the economic lifeblood of the region, striking an oil refinery in Saudi Arabia and several in Kuwait, sending the price of Brent crude oil to a staggering $119 a barrel this morning in response to an unprecedented Israeli airstrike on the South Pars gas reserve, a mammoth deposit of gas beneath the Persian Gulf that could supply the entire world for over a decade. And, today, Iranian Foreign Minister Abbas Araghchi vowed revenge, posting on X that Iran would -- quote -- "use zero restraint if our infrastructures are struck again" after Trump last night posted on TRUTH Social that the U.S. had no knowledge of the attack and that no more strikes would be launched against South Pars unless Qatar was targeted again -- quote -- "In which instance the United States of America, with or without the help or consent of Israel, will massively blow up the entirety of the South Pars gas field at an amount of strength and power that Iran has never seen or witnessed before." In total, six refineries, facilities and oil fields have been attacked and damaged in the region in the last 24 hours, as well as oil refineries in the Northern Israeli city of Haifa, as Treasury Secretary Scott Bessent today voiced a surprising proposal to alleviate the spike in oil prices.
Author: Leila Molana-Allen, Sonia Kopelev
Published at: 2026-03-19 22:55:57
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