Oil Prices Spike Above $110 as Israel Strike on Iran’s Key Gas Field Rattles Markets
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Oil Prices Spike Above $110 as Israel Strike on Iran’s Key Gas Field Rattles Markets

March 19, 2026
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Global oil markets surged into volatility after Israel launched an airstrike on Iran’s South Pars gas field, the world’s largest natural gas reserve sending Brent crude soaring past $110 per barrel. The strike, followed by Tehran’s threats to retaliate against major Gulf energy infrastructure, triggered panic across energy markets. Persian

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