Gas prices jump 30% as Trump threatens to 'massively blow up' huge gas field amid fears of $200-a-barrel oil and years-long economic impact - as world's largest gas plant burns in Iran's 'full scale e
European gas prices jumped by over 30 per cent as Donald Trump this morning threatened to 'massively blow up' a huge gas field in the Middle East amid fears of $200-a-barrel oil and and years-long economic impact. It followed an Israeli air strike on the world's largest natural gas field, South Pars in Iran, which accounts for about 70 per cent of the country's total gas production. A person familiar with the matter said earlier Wednesday that the US was informed about Israel's plans to strike the gas field but did not take part, however. Yesterday's attack on the Pars gas field is the first reported strike on Iranian energy infrastructure since the war began at the end of last month.
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Join the debate How should Britain respond if soaring oil prices push the cost of living even higher?Source: Daily Mail March 19, 2026 14:52 UTC
