Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Energy prices soar, Iran and US trade threats after Qatar gas hit
A man grabs the gas pump pistol at a gas station in Rome on March 19, 2026. Italy on March 18, 2026 adopted by decree measures to reduce fuel prices in the country, the government said, as energy prices soar due to the war in the Middle East. "We are reducing the price of fuel by around 0.25 euros (28 US cents) per litre for everyone," along with a tax credit for truckers, Prime Minister Giorgia Meloni wrote on social media. (Photo by Tiziana FABI / AFP)
International News, Latest News
March 19, 2026

Energy prices soar, Iran and US trade threats after Qatar gas hit

DOHA, Qatar (AFP)—Oil and gas prices soared Thursday after Iran hit the world’s largest liquefied natural gas (LNG) facility in Qatar and threatened to destroy the region’s energy infrastructure, while Donald Trump warned of a furious US response if such attacks continued.

International benchmark Brent surged 10 percent before falling back while European gas rose 35 percent after Iran attacked Qatar’s huge Ras Laffan LNG facility in retaliation for an Israeli strike on its South Pars gas field.

Trump, whose country started the war alongside Israel with their attack on Iran on February 28, said Washington did not know about the strike on South Pars.

But he warned the United States would itself “blow up” the Iranian gas field if Tehran did not stop attacking Qatar.

Iran’s military responded Thursday with defiance, saying it had been a “major mistake” to hit South Pars, which supplies around 70 percent of the country’s domestic natural gas.

“If it is repeated, subsequent attacks against your energy infrastructure and that of your allies will not stop until their complete destruction,” operational command Khatam Al-Anbiya said in a statement carried by Fars news agency.

– ‘Lasting impact’ –

Qatar is one of the world’s top LNG producers, alongside the United States, Australia and Russia, and its Ras Laffan facility is the world’s largest LNG hub.

It has been repeatedly targeted by Iran since the war began. State-run QatarEnergy said Thursday that two waves of Iranian strikes had caused “sizeable fires and extensive further damage” to several LNG facilities.

French President Emmanuel Macron condemned Thursday the “reckless escalation”.

He warned that if Middle Eastern energy “production capacities themselves are destroyed, this war will have a much more lasting impact”.

He called for “direct talks between the Americans and Iranians on this matter”.

UK Prime Minister Keir Starmer’s office also warned that “attacks on critical infrastructure risked pushing the region further into crisis”, after talks with Macron and NATO chief Mark Rutte.

Gulf nations had also warned of the fall-out from Israel’s attack on Iran’s South Pars gas field, which is part of the South Pars/North Dome megafield, the largest known gas reserve in the world that is shared with Qatar.

The United Arab Emirates said that targeting energy infrastructure poses a “direct threat to global energy security”.

Meanwhile Saudi Arabia said Thursday it reserved the “right to take military actions” if necessary after repeated missile and drone attacks on its energy facilities from Iran.

Energy prices had already spiralled since tanker traffic through the Strait of Hormuz, which normally carries a fifth of the world’s oil and LNG, was brought to a near standstill by the threat of Iranian attacks.

Since the war began, fuel shortages have sparked long queues at petrol stations across Asia, where many economies are heavily dependent on fossil fuel imports, while Sri Lanka and Philippines have shifted to a four-day week.

It is also hitting businesses. “I am currently spending more than 33 percent more on fuel than I used to,” said Adeola Sanni, a 36-year-old Nigerian entrepreneur making corporate uniforms in Lagos.

– ‘War of attrition’ –

A US-based rights group has reported more than 3,000 people killed in Iran by the US-Israeli strikes, a figure that could not be independently verified.

In the Iranian capital on Thursday, however, there was little to suggest a country mired in war.

On the eve of Nowruz, the Persian New Year typically marked with celebrations, the city centre filled as usual with traffic jams and street vendors haggling over the price of clothing and fruit.

The security presence was nevertheless even greater than usual, with heavily armed security forces visible on certain thoroughfares as well as an increased number of armoured vehicles.

Iran’s new supreme leader Mojtaba Khamenei earlier vowed retaliation for Israel’s attack on its gas facilities.

He has not been seen in public since he was appointed to succeed his father, Ayatollah Ali Khamenei, who was killed by the US and Israeli at the start of the war.

Israel this week also killed national security chief Ali Larijani and intelligence chief Esmail Khatib as part of a long-standing strategy to take out their enemies’ leaders.

Yet Tehran is still unleashing attacks across the Middle East.

US intelligence chief Tulsi Gabbard told Congress the Iranian government remained “intact but largely degraded”.

US Defense Secretary Pete Hegseth said Thursday there is no “time frame” for ending the war, but said that “we’re very much on track”.

“It will be at the president’s choosing, ultimately, where we say, ‘Hey, we’ve achieved what we need to.'”

Commentators said the attacks on energy infrastructure showed gaps between the US and Israel over how to proceed in the conflict.

In a post on social media, Trump late Wednesday said Israel had “violently lashed out” in “anger” in attacking the Iran gas hub.

“The conflict is drifting into a war of attrition — with no clear signs of regime collapse in Iran,” said Danny Citrinowicz, a senior fellow at Israel’s Institute for National Security Studies, on X.

The attacks “underscored just how unstructured this campaign has become — lacking strategic clarity, long-term planning, and a defined end state”.

Tags:

oil and gas Price increase Qatar
{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

KSAMC moves to enforcement phase of signage regularisation campaign
Latest News, News
KSAMC moves to enforcement phase of signage regularisation campaign
March 20, 2026
KINGSTON, Jamaica— The Kingston and St Andrew Municipal Corporation (KSAMC) is set to transition into phase two of its signage regularisation campaign...
{"jamaica-observer":"Jamaica Observer"}
World Indoors: Anderson through to 800m semis
Latest News, Sports
World Indoors: Anderson through to 800m semis
March 20, 2026
KINGSTON, Jamaica —National record holder Navasky Anderson qualified for Saturday’s semi-finals of the men’s 800m after placing third in his first rou...
{"jamaica-observer":"Jamaica Observer"}
Guyana warns of economic disruption due to Middle East war
Latest News, Regional
Guyana warns of economic disruption due to Middle East war
March 20, 2026
GEORGETOWN, Guyana (CMC)—The Guyana government says the ongoing war in the Middle East, and more specifically, the escalating tensions affecting the S...
{"jamaica-observer":"Jamaica Observer"}
Goule-Toppin into semis of women’s 800m at World Athletics Indoor Championships
Latest News, Sports
Goule-Toppin into semis of women’s 800m at World Athletics Indoor Championships
March 20, 2026
KINGSTON, Jamaica —Jamaica’s veteran Natoya Goule-Toppin made safe progress to the semi-finals of the women’s 800m at the World Athletics Indoor Champ...
{"jamaica-observer":"Jamaica Observer"}
World Indoors: Reheem Hayles advances to 400m semis
Latest News, Sports
World Indoors: Reheem Hayles advances to 400m semis
March 20, 2026
Reheem Hayles booked his place in the semi-finals of the men’s 400m after he placed second in his opening round on the first morning of the World Athl...
{"jamaica-observer":"Jamaica Observer"}
Distin finishes10th in women’s high jump at World Indoors
Latest News, Sports
Distin finishes10th in women’s high jump at World Indoors
March 20, 2026
Jamaica’s Lamara Distin finished 10th in the women’s high jump on the first morning of the World Athletics Indoor Championships at Kujawsko-Pomorska A...
{"jamaica-observer":"Jamaica Observer"}
Three Jamaican men advance to 60m semis at World Indoors
Latest News, Sports
Three Jamaican men advance to 60m semis at World Indoors
March 20, 2026
All three Jamaicans advanced to the semi-finals of the men’s 60m dash as the World Athletics Indoor Championships got underway at Kujawsko-Pomorska Ar...
{"jamaica-observer":"Jamaica Observer"}
Trump gets approval for gold coin in his likeness
International News, Latest News
Trump gets approval for gold coin in his likeness
March 19, 2026
WASHINGTON, United States (AFP) — An advisory commission hand-picked by President Donald Trump has approved the design of a commemorative gold coin fe...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct