Day: March 19, 2026

Increasing attacks on energy infrastructure in the Persian Gulf could significantly hurt the already strained global supply of oil and natural gas, pushing fuel prices much higher.

Important energy sites were attacked this week across the region. The main state-owned energy company in Qatar, the world’s third largest supplier of liquefied natural gas, reported “sizable fires and extensive further damage” on Thursday at its facilities after those areas were also struck on Wednesday.

The escalating attacks will make it much harder for energy producers in the Gulf to repair and restart their oil and gas operations when the war ultimately ends. Asian countries, which are the biggest buyers of Persian Gulf energy, face the greatest risk of fuel shortages, but the pain of higher oil and natural gas prices will be felt across much of the globe.