Recent Attacks on Oil and Gas Facilities in the Gulf

Global energy markets are on high alert as several Gulf states, including Saudi Arabia and Qatar, have suspended oil and gas production due to escalating tensions following Iranian drone attacks. Iran has targeted U.S. military assets and civilian infrastructure, including energy facilities, although Iranian officials deny attacking Gulf energy sites. This disruption has sent global gas prices soaring to a three-year high, exacerbating concerns over the stability of the region, which holds nearly half of the world’s oil reserves.

Want More Context? 🔎