DUBAI — Iran stepped up attacks on oil and gas sites around the Gulf on Thursday, raising tensions in a war already shaking the global economy.
The strikes came after Israel hit a major Iranian gas field. Fuel prices jumped, and there are growing fears the conflict could spread to nearby Arab countries. Iran has also tightened control over the Strait of Hormuz, a key route where about 20 per cent of the world’s oil passes.
Despite heavy losses since the war began on Feb. 28, Iran is still able to launch missile and drone attacks. Its new leadership has continued to target energy facilities across the region.
Several countries, including Qatar, Saudi Arabia and the United Arab Emirates, reported damage to oil and gas sites. A major gas facility in Qatar was hit, which could affect global supply even after the war ends.
Oil prices have surged, with Brent crude reaching as high as $118 a barrel. Natural gas prices in Europe also rose sharply.
The United States said its military remains in control of the situation and warned Iran not to attack its allies. Meanwhile, Israel continued strikes on Iranian targets, expanding operations into new areas.
Iran says its actions are in response to Israel’s attack on the South Pars gas field, one of the largest in the world. Leaders in Tehran warned the conflict could grow even more dangerous.
The war has already killed thousands of people across the region and displaced many more.
