Live
March 19, 2026 / CBS News
The Iran war intensifies after an Israeli strike on Iran's South Pars natural gas field, a critical energy hub shared with Qatar. Markets reacted sharply, with oil prices surging above $97 per barrel and Brent crude hitting $111.87. Analysts warn the conflict is now impacting the global energy system beyond the Strait of Hormuz.
Iran retaliated with missile attacks on Israel, including cluster bombs that injured civilians. A vessel near Qatar was hit by an unknown projectile, raising concerns over maritime security. QatarEnergy reported damage to liquefied natural gas facilities.
President Trump warned that the U.S. would destroy Iran's South Pars field if Tehran targets Qatari energy infrastructure. Meanwhile, the U.K. is working with the U.S. to reopen the Strait of Hormuz, a vital shipping lane.