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The Economic Times

Global Business / The Economic Times

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Middle East conflict sparks energy shock: European gas jumps 28%, oil surges 6%

Energy prices soared after Iran attacked Middle Eastern energy infrastructure. Gas prices in Europe jumped 28% and oil gained 6%. Major gas plants in Qatar and refineries in Saudi Arabia and Kuwait sustained damage. European leaders are seeking solutions to the price surge. The conflict's impact on global energy systems is a growing concern.

19 Mar 2026 8:42 pm