Sunday, May 3, 2026
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Energy War: Israel targets South Pars in Iran, triggering major escalation

In the past 24 hours, the Middle East conflict has escalated sharply after Israel struck Iran’s South Pars gas field, one of the largest energy reserves in the world. The attack provoked a strong retaliation from Iran, which targeted major oil and gas facilities across the Gulf region. Iran launched strikes on Ras Laffan in Qatar, a crucial LNG hub supplying nearly 20% of global gas, including major exports to India. Simultaneously, Iran hit oil refineries in Riyadh, Saudi Arabia, causing large-scale explosions and disruption. Missile attacks were also intensified on Tel Aviv, signaling a broader escalation of the war. The United States has expressed concern and advised Israel to avoid further strikes on energy infrastructure, highlighting the risk of a global crisis. Analysts warn that continued attacks on oil and gas facilities could push crude prices dramatically higher and expand the conflict’s impact worldwide. As energy infrastructure becomes the main target, the war is no longer regional but a growing global economic threat.

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