LBCI

Brent oil price jumps 5% as Iran's energy facilities hit

World News

18-03-2026 | 09:41

Share

Share

Brent oil price jumps 5% as Iran's energy facilities hit

Oil prices surged on Wednesday after U.S.-Israeli strikes hit Iranian facilities at a major Gulf gas field, prompting Tehran to call for retaliatory strikes on energy infrastructure.

Brent North Sea crude jumped over five percent to $108.60 per barrel, while the main U.S. oil contract, West Texas Intermediate, climbed 1.9 percent to $98.01.

The strikes hit the South Pars/North Dome mega-field, the largest known gas reserve in the world, supplying around 70 percent of Iran's domestic natural gas.

AFP

World News

Oil

United States

Israel

Strikes

Gulf

Next

Iran government 'intact' and to rebuild if it survives: US intel chief

Iran executed Swedish citizen: Sweden FM

Previous

Recommended For You

US Treasury yields fall on hopes of US-Iran accord

11:51

US Treasury yields fall on hopes of US-Iran accord

France summons Israeli envoy over 'unacceptable' handling of Gaza flotilla activists: Ministry

10:19

France summons Israeli envoy over 'unacceptable' handling of Gaza flotilla activists: Ministry

US probe into strike on Iran girls' school near conclusion: US admiral

07:53

US probe into strike on Iran girls' school near conclusion: US admiral

WHO says 139 suspected Ebola deaths in Congo outbreak, numbers expected to rise

07:31

WHO says 139 suspected Ebola deaths in Congo outbreak, numbers expected to rise

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Speaker Berri meets French envoy and World Bank official, discusses Lebanon situation and ceasefire violations

07:28

Speaker Berri meets French envoy and World Bank official, discusses Lebanon situation and ceasefire violations

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Trump says to tap US strategic oil reserve 'a little bit'

2026-03-11

Trump says to tap US strategic oil reserve 'a little bit'

Venezuela releasing 'large number' of prisoners: Top lawmaker

2026-01-08

Venezuela releasing 'large number' of prisoners: Top lawmaker

Videos

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

2026-03-25

Iran uses cluster bombs to target Israel: AiTelly explains what happens when a missile is intercepted—Video

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

2026-03-08

At least 19 killed after strike destroys three-story building in Sir el-Gharbiyeh: Video

Israeli airstrike targets Beirut’s southern suburbs: Video

2026-03-06

Israeli airstrike targets Beirut’s southern suburbs: Video

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

2026-03-05

Intense consecutive airstrikes hit Beirut’s southern suburbs: Video

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

2026-03-05

Israeli army launches evening airstrikes on Beirut’s southern suburbs after evacuation warning

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

2026-03-02

Smoke rises over Beirut’s southern suburbs as Israel targets area: Video

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

2026-02-16

German President Steinmeier meets Lebanon's President Aoun at Baabda Palace—Video

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

2026-02-14

Future Movement supporters mark Rafic Hariri anniversary, call for Saad Hariri's return to politics

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

2026-02-01

Israel strikes vehicle in Doueir-Wadi Aaba in South Lebanon—Video

Most read

24 hours

7 days

Month

Inside Israel's growing security dilemma on the Lebanon front: The details

1

Inside Israel's growing security dilemma on the Lebanon front: The details

MP Melhem Khalaf to LBCI: Injustice must be addressed, but sympathy should not lead to a general amnesty law

2

MP Melhem Khalaf to LBCI: Injustice must be addressed, but sympathy should not lead to a general amnesty law

Efforts ongoing to search for two Syrians targeted in Israeli strike near Chebaa: Sources told LBCI

3

Efforts ongoing to search for two Syrians targeted in Israeli strike near Chebaa: Sources told LBCI

Israeli army warns residents of Habbouch and Deir El Zahrani in South Lebanon to evacuate

4

Israeli army warns residents of Habbouch and Deir El Zahrani in South Lebanon to evacuate

Proposed general amnesty law could free 3,000 prisoners in Lebanon

5

Proposed general amnesty law could free 3,000 prisoners in Lebanon

Speaker Berri meets French envoy and World Bank official, discusses Lebanon situation and ceasefire violations

6

Speaker Berri meets French envoy and World Bank official, discusses Lebanon situation and ceasefire violations

Israeli minister posts video showing detained flotilla activists bound, forced to kneel

7

Israeli minister posts video showing detained flotilla activists bound, forced to kneel

President Aoun: Reform must start from within, crisis is a trust issue not only economic

8

President Aoun: Reform must start from within, crisis is a trust issue not only economic

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More