The attack on Iran’s Pars facilities ignites gas prices in Europe

Follow-ups – Al-Khabar Al-Yemeni:

Gas prices in Europe recorded a sharp jump in prices by 6 percent, driven by the attacks on energy facilities in Iran, surpassing the $650 per thousand cubic meters threshold for the first time since March 9, 2026. This is a direct reflection of the markets’ sensitivity to any threat to supply sources.

The Iranian Ministry of Oil confirmed that facilities in the Pars Special Energy Economic Zone in Asaluyeh were subjected to American-Israeli aggression. This zone is one of the country’s most important gas production and processing areas.

Located in southern Iran, these facilities form a major center for processing gas extracted from the South Pars field, the world’s largest gas field. They also include petrochemical complexes and export facilities, giving them strategic weight in the energy sector.

The escalation has fueled fears of global supply disruptions, particularly with continued tensions in the Strait of Hormuz, despite around 90 ships crossing since the start of the confrontation under turbulent navigation conditions.

In a related context, oil prices rose by more than 4 percent, with Brent crude recording around $104.22 per barrel, and US West Texas Intermediate reaching $97.30, driven by concerns over the widening scope of the crisis and its impact on global energy flows.