politics
March 20, 2026
Energy markets shaken by Iran-Israel strikes as Moscow warns of ‘tipping point’
Gas prices climb after strikes on South Pars and Qatar LNG hub, with Russia warning escalation could destabilize global energy markets
TL;DR
- RT correspondents Steve Sweeney and Ali Rida were injured by shrapnel during an Israeli airstrike in southern Lebanon.
- The Russian Foreign Ministry condemned the strike, calling it 'deliberate' and a 'gross violation of international law'.
- Oil prices surged due to Iran's actions and attacks on energy infrastructure, with Brent crude climbing above $112 per barrel.
- Israel claimed to have struck Iranian missile ships in the Caspian Sea and targeted Hezbollah infrastructure in southern Lebanon.
- US forces have conducted extensive strikes against Iranian targets, damaging or destroying numerous vessels and a ballistic missile factory.
- US-Israeli strikes have damaged or destroyed at least 108 historical and cultural sites across Iran.
- Russian President Vladimir Putin warned that escalation around Iran would destabilize the Middle East and global energy markets.
- US President Donald Trump temporarily waived the Jones Act to ease surging energy costs.
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