New York Post

Oil jumps above $119 a barrel after Iran attacked energy facilities across Middle East

Mar 19, 2026Right

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.

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The US spent decades building an empire of military bases throughout the Middle East. Now they’re under attack.

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Attacks on Middle East Oil Fields Send Gas Prices Soaring

Iran’s oil fields are continuing to burn after an Israeli attack that triggered Iran to retaliate against oil facilities. The United States is speeding up the deployment of at least 2,200 marines to the Middle East, according to two people familiar with the decision, with their mission to secure the Strait of Hormuz. It comes as Israeli Prime Minister…

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Oil could hit $200 per barrel if these conditions are met in Middle East: Citi

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Mar 18, 2026

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Oil could hit $200 per barrel if these conditions are met in Middle East: Citi

Brent crude, the primary global benchmark for oil prices, rose higher than $120 per barrel in early summer 2022, largely on account of the fallout from the war in Ukraine and increased demand in countries reopening after suffering through years of self-imposed COVID restrictions.At the time, this generated a great deal of excitement and consternation,…

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