South Pars Gas

Energy, Oil & Gas

Oil soars to $119 as several key Mideast energy facilities hit

Thu, 19 Mar 2026

Benchmark Brent oil prices jumped above $119 a barrel on Thursday after ‌Iran attacked energy facilities across the Middle East following Israel's strike on its South Pars gas field, a major escalation in the war. Meanwhile, Middle East benchmark ​Dubai and Oman premiums hit all-time highs at about $65 per barrel, according to trade sources and Reuters data.