Top updates: World’s largest LNG hub in Qatar hit as Iran retaliates for strike on gas field
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Qatar on Thursday reported “extensive damage” after Iran struck the Ras Laffan industrial complex, home to the world’s largest liquefied natural gas facility.
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The facility supplied 19% of global liquefied natural gas exports in 2025, according to Bloomberg.
Iran also struck several oil and gas facilities in other Gulf countries, escalating tensions in the region.
The strikes by Iran came hours after attack on its energy facilities associated with its South Pars gas field, the world’s largest gas reserve that it shares with Qatar.
Here are more top updates from the conflict in West Asia:
- Amid the uncertainty about energy supply, global natural gas prices jumped more than 5% on Thursday. India was the largest importer of Qatari LNG after China in 2025. The supply disruption caused by the conflict had already triggered concerns and panic in India and globally.
- The price of benchmark Brent crude jumped more than 4% on Thursday to reach $111 per barrel. The price was $78 per barrel on February 27, a day before the conflict started. Iran has effectively blocked the Strait of Hormuz, the narrow waterbody connecting the Gulf to the Arabian Sea, for most international commercial vessels. About 20% of global petroleum supply passes through the maritime chokepoint.
- United States President Donald Trump on Wednesday said that Israel had “violently lashed out at a major [energy] facility” associated...