Israel struck Iran’s South Pars petrochemical complex in Assaluyeh, part of the world’s largest natural gas field shared with Qatar. Explosions were reported, and power supply to several petrochemical units was disrupted after infrastructure linked to the facility was targeted. South Pars is a critical component of Iran’s energy production and a major source of revenue. The strike comes amid rising tensions over the Strait of Hormuz and a proposed ceasefire framework between the United States and Iran.
06 April,2026 09:15 PM IST
Amid the Iran war, oil prices surged sharply after US President Donald Trump signalled continued attacks on Iran, raising fears of prolonged disruptions to global supply. Brent crude jumped above $108 per barrel while WTI climbed past $107 as markets reacted to escalating tensions. The surge comes amid rising risks around the Strait of Hormuz, a critical shipping route handling a significant share of global oil flows. Reports of tanker attacks and growing maritime threats have further pushed traders to price in worst-case supply disruptions.
02 April,2026 09:03 PM IST
An oil tanker leased to QatarEnergy was struck by an Iranian cruise missile in Qatari waters near the Ras Laffan industrial hub, home to the world’s largest LNG export facility. Qatar said three missiles were launched, with two intercepted and one hitting the Aqua 1 fuel tanker. The vessel sustained damage above the waterline, but no casualties or environmental impact were reported. The strike comes as tensions escalate across the Gulf amid the ongoing Iran conflict and growing threats to global energy infrastructure.
01 April,2026 08:16 PM IST
President Donald Trump has set a strict 2-3 week exit deadline for the US military in Iran, signaling a potential end to the month-long conflict. The announcement links the rapid withdrawal to falling domestic fuel prices, reflecting a dual strategy of military disengagement and economic stabilization. Trump emphasized that the war could conclude with or without a diplomatic agreement, asserting that the United States has achieved its primary objectives, including the significant degradation of Iran’s nuclear and military capabilities. According to official statements, Iran’s defense systems and naval assets have been substantially weakened, and the leadership in Tehran is under pressure, potentially prompting a shift in power structures.
01 April,2026 04:40 PM ISTADVERTISEMENT
