• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

Israel strikes world’s largest gas field in Iran’s South Pars

Emmanuel Azubuike by Emmanuel Azubuike
March 18, 2026
in Business News
Israel strikes world’s largest gas field in Iran’s South Pars
Share on FacebookShare on TwitterShare on Linkedin

Israel has reportedly hit Iran’s South Pars gas field, the world’s largest natural gas deposit, marking a major escalation in the ongoing conflict in the Gulf.

According to Reuters, the attack occurred on Wednesday, with Iranian authorities confirming that parts of the facility, including gas tanks and sections of a refinery, were struck, forcing the evacuation of workers as emergency crews battled a fire.

Iran signalled swift retaliation, warning neighbouring Gulf countries that their energy infrastructure could be targeted in response to the attack.

MoreStories

Donald Trump

Trump extends ceasefire with Iran amid ongoing negotiations 

April 22, 2026
Power: Nigeria seeks $2 billion China loan for new super grid 

Power Minister Adelabu reportedly set to resign over Oyo governorship ambition

April 22, 2026

What they are saying

Reports indicate that the strike was carried out by Israel with the consent of the United States, although the Israeli military has yet to officially comment. Meanwhile, Qatar condemned the development, describing it as a dangerous escalation with implications for global energy stability.

Iranian authorities also escalated tensions by issuing warnings to regional players, signalling a potential widening of the conflict beyond its current scope.

  • “These centres have become direct and legitimate targets and will be targeted in the coming hours. Therefore, all citizens, residents, and employees are requested to immediately leave these areas and move to a safe distance without any delay,” Iranian state media quoted officials as saying.

More insights 

The strike comes 10 days after Israeli forces targeted oil storage facilities in Tehran, marking the first reported attack on Iran’s oil infrastructure since the war between the two sides began.

  • Targeting South Pars significantly raises the stakes, pushing the conflict between Iran and the combined forces of Israel and the United States into a new phase focused on critical energy infrastructure.
  • South Pars gas field is the Iranian section of the world’s largest natural gas reserve, shared with Qatar (where it is known as the North Field). It is central to Iran’s economy, accounting for a substantial portion of its gas production and export potential.

The 3,700-square kilometre (sq.km) field, which is larger than the entire of Lagos state, plays a critical role in supplying energy domestically and across the region.

What you should know 

18 days into the war, which began on February 28, both sides have intensified efforts to inflict economic and strategic damage on each other.

  • Iran has moved to block the Strait of Hormuz, a critical global shipping route through which about 20% of the world’s oil supply passes, triggering spikes in global oil prices.
  • Nairametrics reported that Saudi Arabia’s state oil giant was forced to halt operations at a major refinery in the country’s Eastern Province after a drone strike linked to Iran’s retaliatory attacks disrupted facilities capable of processing more than 500,000 barrels of crude per day.
  • In Qatar, authorities temporarily shut down downstream production after energy infrastructure in Ras Laffan Industrial City and Mesaieed Industrial City came under attack. Similar disruptions have been recorded across the United Arab Emirates, Kuwait, Bahrain, and Oman, highlighting the widespread impact on Gulf energy systems.

The latest strike on South Pars suggests a potential shift in Israel’s strategy towards directly targeting Iran’s energy backbone. Until now, operations had largely focused on dismantling Iran’s leadership structure, with reports indicating that Esmaeil Khatib was killed in a targeted strike in Tehran earlier on Wednesday.


Add Nairametrics on Google News
Follow us for Breaking News and Market Intelligence.
Emmanuel Azubuike

Emmanuel Azubuike

Emmanuel Azubuike is a human interest journalist based in Lagos, Nigeria. With over four years of experience in journalism, he focuses on telling deeply reported stories at the intersection of markets, government policy, and technological advancement — and how they shape everyday lives.

Next Post
CBN cracks down on money laundering with new rules 

CBN: Nigeria balance of payment surplus drops to $4.23 billion in 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Luis Figo

rabafast

nairametrics




DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics