London, March 18, 2026 (AFP) - Brent oil price jumps 5% as Iran's energy facilities hit

NAMPA / AFP

2026-03-18

Oil prices surged on Wednesday after US-Israeli strikes hit Iranian facilities at a major Gulf gas field, prompting Tehran to call for retaliatory strikes on energy infrastructure. Brent North Sea crude jumped over five percent to $108.60 per barrel, while the main US oil contract West Texas Intermediate climbed 1.9 percent to $98.01. The strikes hit the South Pars/North Dome mega-field, the largest known gas reserve in the world, supplying arou......

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2026-03-18 16:30:43

Paris, France, March 18, 2026 (AFP) - Middle East war: global economic fallout

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