← March 20, 2026 briefingWorld
Iran-Israel war triggers global energy shock
Iran has struck Qatar's Ras Laffan gas facility and Israel's Haifa oil refinery, while closing the Strait of Hormuz to most shipping — a combination threatening to scramble global energy markets for years. Netanyahu claims US-Israeli strikes have destroyed Iran's uranium enrichment capacity and says the war will end faster than expected, but the US intelligence chief has openly admitted Washington and Tel Aviv are not fighting for the same goals. Qatar says the strike on Ras Laffan has knocked out roughly 17% of its LNG export capacity, with damage expected to last three to five years.
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