Saudi Arabia Iran War
Saudi Arabia's Foreign Minister Prince Faisal bin Farhan Al-Saud, center, poses with foreign ministers before a consultative meeting of foreign ministers from a group of Arab and Islamic countries in the Saudi capital, Riyadh, Thursday, March 19, 2026.
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Iran has intensified its attacks on oil and gas facilities around the Gulf, dramatically raising the stakes in a war that is sending shock waves through the global economy. Thursday’s strikes came in retaliation for an Israeli attack on a key Iranian natural gas field. They sent fuel prices soaring and risked drawing Iran’s Arab neighbors directly into the conflict. Tehran targeted energy production, further stressing global supplies already under pressure because of Iran’s stranglehold on the Strait of Hormuz. That’s a strategic waterway through which a fifth of the world’s oil is transported. Israeli Prime Minister Benjamin Netanyahu says Iran no longer can enrich uranium or make ballistic missiles.
