Oil nears $110 a barrel after gas field strike

Mar 18, 2026, 5:20 PM

Oil prices leapt to nearly $110 a barrel after Iranian media reported an airstrike hitting a facility on the world's largest natural gas field. The Brent crude oil benchmark hit $109.91 a barrel just after 14:30GMT, more than 5% higher than Tuesday's prices. It remains above $108. The surge follow...

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