First Thing: Trump threatens to ‘blow up’ all of Iran’s South Pars gasfield if Tehran strikes Qatar
Quick Insights
The Bottom Line
Trump threatened to destroy Iran's South Pars gasfield, causing global oil and gas prices to spike sharply.
How This Affects You
Crude jumped to $116 per barrel and European gas prices spiked 24%, likely pushing U.S. gas prices higher and increasing your fuel costs.
AI Summary
President Trump threatened to "massively blow up" Iran's South Pars gasfield, the world's largest, after Israeli strikes on the facility prompted Tehran to retaliate against Middle East energy infrastructure. The threat represents a major escalation in the ongoing US-Israel conflict with Iran and has already roiled global energy markets: Brent crude jumped 8% to $116 a barrel and European gas prices spiked 24%, reflecting investor fears of widening regional instability. The conflict has already cost the U.S. an estimated $12.7 billion through day six, with total expenditures likely exceeding $18 billion. The escalating tit-for-tat strikes on critical energy infrastructure risk further destabilizing oil and gas supplies crucial to global economies. The threat underscores how the intensifying military campaign between Israel and Iran is drawing direct U.S. involvement and threatening essential commodity supplies worldwide.
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A lot of Iran's nuclear capabilities "still has survived," UN watchdog chief says
Trump Says U.S. and Qatar Not Involved in Strike on Iran’s South Pars Gas Field
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First Thing: Trump says US does not need Nato after strait of Hormuz rebuf | Clea Skopeliti
<p>Snub comes as Iran vows revenge for killing of Ali Larijani. Plus, judge orders reinstatement of Voice of America staff</p><p>Good morning.</p><p>Donald Trump has said the US does not need Nato after a number of the organization’s members <a href="https://www.theguardian.com/world/2026/mar/17/trump-us-president-nato-strait-of-hormuz-iran-middle-east">rejected his call to send their warships</a> to reopen the strait of Hormuz.</p><p><strong>How many people have been displaced in Iran?</strong> Up to 3.2 million people, according to the UN’s refugee agency. Here, Tehran residents <a href="https://www.theguardian.com/world/2026/mar/18/iranians-daily-life-under-air-attack">speak about their daily life</a> under bombardment.</p><p><strong>For the latest updates,</strong> <a href="https://www.theguardian.com/world/live/2026/mar/18/iran-war-live-updates-oil-prices-hormuz-trump-larijani-key-leader-killed-israel-strikes">follow our liveblog.</a></p> <a href="https://www.theguardian.com/us...
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