Iran threatens Gulf energy facilities after Israeli attack on its largest gasfield
Iran threatens Gulf energy facilities after Israeli attack on its largest gasfield
Following Israeli strikes on its key gas reserves, Iran has warned of imminent strikes on energy infrastructure in Saudi Arabia, the UAE, and Qatar. The attacks, which mark the first direct hit on Iran’s fossil fuel production since hostilities began, targeted the South Pars gasfield, a shared resource with Qatar. State media reported that missiles had struck the facility, escalating tensions in the region.
Israeli media claimed the strikes on Iran’s South Pars gasfield, shared with Qatar, were executed with U.S. approval. This development signals a major shift in the conflict, as the U.S. and Israel have previously avoided damaging Iran’s oil and gas sector to stabilize global energy markets. However, the recent assault has triggered fears of broader disruptions to oil supplies, with prices rising sharply.
Global market reactions
The international oil benchmark surged to $108.60 a barrel, while Europe’s gas benchmark spiked over 7.5% to €55.50 per megawatt hour. These gains reflect growing concerns about the stability of energy networks in the Gulf, especially as the strait of Hormuz remains under blockade. Daily oil exports from the region have dropped by at least 60% compared to prewar levels, straining supply chains and prompting Gulf nations to cut production.
“These centres have become direct and legitimate targets and will be targeted in the coming hours. Therefore, all citizens, residents, and employees are requested to immediately leave these areas and move to a safe distance without any delay,” the warning said.
Eskandar Pasalar, the governor of Asaluyeh in southern Iran, denounced the U.S.-Israel alliance as “political suicide,” arguing that the conflict has evolved into a full-scale economic war. A Qatari government spokesperson, Majid al-Ansari, emphasized that attacks on energy infrastructure pose a threat to global energy security and regional stability.
Despite the attacks, Iran’s oil export facilities have remained operational, with crude shipments continuing through the strait of Hormuz. The U.S. strike on Kharg Island, home to Iran’s oil processing hub, focused on military assets while sparing key export infrastructure. This strategic move highlights Iran’s intent to maintain economic leverage without fully crippling its energy output.