Oil (Petroleum) and Gasoline – Page 2 – War Watch

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U.S. Encourages Flow of Iranian Oil While It Battles Iran
ByAlan Rappeport March 19, 2026

Treasury Secretary Scott Bessent said removing sanctions on Iranian oil would lower global prices.

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Mortgage Rates Highest in Three Months as War Weighs on Housing Market
ByGregory Schmidt March 19, 2026March 20, 2026

Rising energy costs and concerns about inflation have helped lift borrowing costs for a home mortgage for the third consecutive week.

Read More Mortgage Rates Highest in Three Months as War Weighs on Housing Market
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Israeli Officials Said U.S. Was Told About South Pars Attack
ByIsabel Kershner March 19, 2026March 19, 2026

President Trump first said the United States “knew nothing” about an attack on the gas field in Iran, which sent global oil and gas prices soaring. He then said he cautioned Israel against it.

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Extended Mideast Conflict Would Slow Trade and Growth, W.T.O. Warns
ByAna Swanson March 19, 2026

The trade organization said that a slowdown in trade in 2026 could become even more extreme if the war in the Middle East persists.

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Attacks on Oil and Natural Gas Facilities Could Lead to Much Higher Prices
ByIvan Penn March 19, 2026March 20, 2026

Attacks on oil and natural gas facilities this week could make it much harder for Persian Gulf countries to rebuild and restart production when the war eventually ends.

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Trump Says U.S. and Qatar Not Involved in Strike on Iran’s South Pars Gas Field
ByAurelien Breeden March 19, 2026March 19, 2026

President Trump said Israel was responsible for the attack, but vowed to “massively” destroy the gas field if Tehran hit Qatar’s energy facilities in retaliation.

Read More Trump Says U.S. and Qatar Not Involved in Strike on Iran’s South Pars Gas Field
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Days of Anger and Fear for Iranians Living With Waves of Airstrikes
ByFarnaz Fassihi March 18, 2026

Residents in Tehran and elsewhere say the attacks come at all hours and rock the ground.

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For Iranians, Bombing of Gas Field Worsens Already Dire Energy Crisis
BySanam Mahoozi and Hiroko Tabuchi March 18, 2026

The South Pars gas field, hit by airstrikes on Wednesday, is central to the energy supply of Iran, which was already suffering blackouts before the war.

Read More For Iranians, Bombing of Gas Field Worsens Already Dire Energy Crisis
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Iran’s South Pars Gas Field Is Attacked, Sending Energy Prices Soaring
ByRavi Mattu and Rebecca F. Elliott March 18, 2026

The field is part of a vast gas reservoir shared by Iran and Qatar. The strike appeared to be one of the most significant attacks on an energy site since the U.S.-Israeli air war against Iran began.

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Energy Facilities Attacked in Iran and Qatar, Sending Prices Soaring
ByRavi Mattu and Rebecca F. Elliott March 18, 2026March 19, 2026

The strikes appeared to be some of the most significant attacks on energy sites since the U.S.-Israeli air war against Iran began almost three weeks ago.

Read More Energy Facilities Attacked in Iran and Qatar, Sending Prices Soaring