Oil Prices Jump as Iran Conflict Widens and Energy Sites Come Under Fire

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Israel widened the scope of its attacks on Iran late on March 18, saying it launched air strikes in the north of the country, with Israeli media saying Iranian naval vessels were being hit on the Caspian Sea coast. As Israel attacked in the north, it also hit Iranian energy infrastructure sites in the Gulf, with Tehran retaliating by firing at Gulf Arab countries' oil and gas facilities, with the already widespread conflict threatening to spin out of control. Israel's attack in the north would be the first in that portion of Iran since the start…

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Original article published by OilPrice.com on March 19, 2026.
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