Israeli missile strikes on Iranian oil and gas facilities, including the South Pars gas field, have escalated the conflict between the two nations and disrupted global energy markets. The attacks, targeting key energy infrastructure, threaten Iran's already struggling economy, heavily reliant on hydrocarbon exports. While oil prices initially surged, they have since fallen. However, further attacks could significantly increase global energy prices. Iran, facing stringent international sanctions, struggles with energy shortages due to underinvestment and mismanagement.

Prepared by Rachel Morgan and reviewed by editorial team.