Oil Rises After Israel Strikes Iran Gas Field and Tehran Hits Qatar Fuel Hub

Iran War Live Updates: Oil Rises After Israel Strikes Iran Gas Field and Tehran Hits Qatar Fuel Hub

Oil soared past $115 and European natural-gas prices surged more than 20% as attacks on Middle Eastern energy infrastructure fueled anxiety over supply.

Qatar said early Thursday that Iranian ballistic missiles caused extensive damage at its Ras Laffan industrial area, which houses a major hub for liquefied-natural gas. Those strikes came in response to an Israeli attack on a large Iranian gas field, South Pars, which prompted Iran’s president to warn of “uncontrollable consequences, the scope of which could engulf the entire world.”