In a major escalation in the Middle East, Israeli strikes have targeted the South Pars mega-field, the world’s largest known natural gas reserve, which supplies around 70 percent of Iran’s domestic natural gas. The attacks have already impacted global energy markets. Brent North Sea crude surged over five percent to $108.60 per barrel, while the main US oil contract, West Texas Intermediate, climbed 1.9 percent to $98.01, as per AFP.
Gulf tensions spike as Israel hits Iran’s South Pars; Know about world’s largest gas reserve
