Global Energy War EXPLODES: $150 Oil, Iran Retaliates After US & Israel Attack Its LARGEST Gas Field (World Affairs in Context)

The world is waking up—Iran now holds the keys to global energy markets. After strikes on the South Pars gas field and escalating attacks across the Gulf, oil prices are surging, supply chains are breaking, and panic is spreading across Asia and beyond.

With retaliatory strikes hitting Saudi and Qatari energy facilities, and potential new controls over the Strait of Hormuz, this conflict is triggering a massive oil shock. Gas prices are rising in the U.S., markets are unstable, and governments are scrambling to respond.

Is this the beginning of a global economic crisis? What happens next could impact billions.



Short 8 minute summary of the latest events in the Middle East where the Iranians have retaliated after Israeli attacks on their gas infrastructure. Expect high oil and gas prices, and some shortages. 

[Posted at the SpookyWeather2 blog, March 19, 2026.]