Anonymous15 days ago
Iran launched retaliatory strikes against critical energy infrastructure across six Gulf states on March 19, 2026, following an Israeli attack on Iran's South Pars gas field, knocking out 17% of Qatar's LNG export capacity and sending Brent crude briefly above $119 per barrel. The effective closure of the Strait of Hormuz — through which 20% of global oil and LNG flows — has triggered the largest emergency petroleum reserve release in history (400 million barrels), while the Trump administration signals possible sanctions relief even as it wages a military campaign, exposing the deepest fractures in global energy security since the 1970s.