Iran threatens energy supplies; gas prices surge

Gas and oil prices, and consequently diesel prices, have risen sharply following the attacks by the US and Israel on Iran and Iran’s response. I Iran has targeted oil and gas infrastructure. It has also threatened the Strait of Hormuz, through which roughly one fifth of the world's traded oil and gas passes and has also carried out drone attacks on the largest oil refinery in Saudi Arabia, as well as on a gas plant and power station in Qatar. The country has halted LNG exports. The gas price has risen by nearly half.