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Middle East war: global economic fallout

Cape Argus

|

March 20, 2026

QATARI civil defence teams have contained fires that erupted at a major gas facility following an Iranian attack, the interior ministry said.

Middle East war: global economic fallout

AN IRANIAN man walks along the phase 15-16 of the South Pars gas field facilities in the southern Iranian port of Assaluyeh. Oil prices surged after Israeli strikes hit Iranian facilities at a major Gulf gas field on March 18, prompting Tehran to call for retaliatory strikes on energy infrastructure. The strikes hit the South Pars/North Dome mega-field, the largest known gas reserve in the world, supplying around 70 percent of Iran's domestic natural gas. | AFP

(AFP)

“Civil Defence has fully brought all fires under control in the Ras Laffan Industrial Area without any reported injuries. Cooling and sites-securing operations are still ongoing,” the ministry said.

Earlier yesterday, Iranian state television said that a missile struck the gas plant, hours after it was hit in a destructive strike.

Qatar's state-run energy firm said the strikes hit several of its Liquefied Natural Gas (LNG) facilities and caused “extensive” damage.

Ras Laffan is the world’s largest LNG hub.

Leaders of Samoa and Tonga have appealed for help over fears of possible fuel shortages and escalating costs caused by the war.

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