Iran Says US, Israel Struck Giant Gas Field as War Escalates (2)

Iran said the US and Israel struck its giant South Pars gas field in the Persian Gulf, the latest attack on energy assets in the region-wide conflict.

Oil prices jumped after Iranian state TV reported the airstrike, which raised fears of further risks to global crude and gas supplies. Gulf producers have significantly reduced output during the 19-day war, particularly due to the effective shuttering of the Strait of Hormuz.

If confirmed, the assault would mark the first time the US and Israel have targeted Iran’s upstream oil and gas facilities since starting the war on Feb. 28. The Islamic ...