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News in English (USA) / 20.03.2026 / 15:00

Escalating Conflict Over Energy Sites Drives Global Markets into Turmoil

The conflict between Iran and Israel has intensified, following a series of airstrikes that targeted key energy facilities in the Middle East. As Israel conducts operations against Iranian gas compounds, tensions rise, with oil prices surging to $110 a barrel amidst fears of prolonged conflict. Iran retaliated by striking Qatari LNG facilities and other Gulf energy sites, resulting in significant disruptions to gas exports and a forecasted 3 to 5-year impact on global supply. The escalating situation has raised concerns over energy prices, which are climbing sharply, along with stock market drops as nations brace for potential economic fallout. Meanwhile, U.S. officials assess the ramifications of this energy war, with reports suggesting a lack of coordination between Trump’s administration and Israeli military actions, leading to confusion and calls for restraint from U.S. allies. As the conflict deepens, the international community watches closely for the next developments in this high-stakes scenario that could reshape energy markets worldwide.
CNN, WSJ, Reuters, The New York Times, The Independent, The Hill, BBC, The Guardian, The Washington Post, CBS News