Attack on world’s largest gas field raises tensions and jolts markets

The war involving Iran, Israel and the United States escalated sharply on Wednesday with a strike on South Pars, the Iranian side of the world’s largest natural gas field, which it shares with Qatar. Reuters reported that the hit on the site marked a new phase in the conflict by targeting major Iranian energy infrastructure for the first time in this war, and was followed by Iranian threats and attacks against energy targets across the Gulf.