Iranian attacks have mostly closed the narrow channel, a choke point for one-fifth of the world’s oil supply, for weeks. The Iran war is “in an escalatory phase right now … it is a nightmare scenario,” she said. “NO MORE ATTACKS WILL BE MADE BY ISRAEL” on the South Pars field unless Iran attacks Qatar, Trump wrote. Ask The Post AIDive deeperAfter Iran warned early Thursday that it would be attacking five specific Gulf state energy facilities, Rystad Energy warned that oil could quickly hit $120 a barrel and keep rising. “Spot LNG prices, already elevated, could spike to levels not seen since the 2022 energy crisis,” Saraswat wrote.

Source: Washington Post March 19, 2026 11:50 UTC