With the targeting of key energy infrastructure, the conflict in West Asia is now spreading far beyond the region. Israel has struck Iran’s South Pars natural gas field, which is estimated to account for a significant share of the country’s gas production. Placing the blame squarely on Israel, Trump posted on a social media platform that the US “knew nothing about this particular attack”. And that “NO MORE ATTACKS WILL BE MADE BY ISRAEL pertaining to this extremely important and valuable South Pars Field unless Iran unwisely decides to attack”. In the US, gasoline prices have surged to $3.884 per gallon, up almost $1 from a month ago, while in Europe, natural gas prices have soared following the recent attacks.

Source: Indian Express March 20, 2026 13:31 UTC