US-Iran War: Attacks on Oil Infrastructure in West Asia Triggers Price Spike

The US-Iran war is triggering major shocks in global energy markets, as attacks on oil and gas infrastructure across West Asia send prices soaring. Iranian strikes on key facilities in Qatar, Kuwait, and Saudi Arabia have disrupted production and exports, raising fears of a prolonged supply crisis. With Brent crude surging past $110–$119 per barrel and tanker routes under threat, the conflict is fueling inflation concerns and rattling global markets. Analysts warn that continued escalation, especially around the Strait of Hormuz, could further tighten supply and push energy prices even higher.