Al Jazeera
centerLIVE UPDATEOil prices surge after Israeli strike on Iran’s South Pars gasfield
NEWS SUMMARY
Oil prices surged over 5% after an Israeli strike on Iran's South Pars gasfield, with Brent crude reaching $108.66 a barrel. This escalation, coupled with Iran's threats and subsequent attacks on Qatari facilities, has disrupted Middle Eastern energy supplies, raising concerns about global inflation.
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