economy
March 19, 2026
ENERGY COLLAPSE IMMINENT: Attack on Largest Gas Plant Causes RECORD OIL PRICE JUMP!
US reactions and temporary easing of transport rules will not significantly reduce price increases, analysts warn that the Middle East conflict is already affecting Serbian citizens.
TL;DR
- Oil prices jumped to $112 per barrel after an attack on Iran's largest natural gas facility.
- Referent gas prices in the UK also increased by 6%.
- Qatar reported significant damage to its energy complex following threats from Iran.
- Iran warned of decisive measures against any aggression on its energy infrastructure.
- The US announced a 60-day suspension of the Jones Act to ease the flow of resources like oil and gas.
- Maritime organizations in the US believe the Jones Act suspension will have minimal impact on pump prices.
- Iran has also halted gas supplies to Iraq to ensure domestic reserves.
- Analysts warn of catastrophic consequences for the global economy and Serbian citizens due to the conflict.