An Israeli soldier stands next to a fragment of a missile fired from Iran and intercepted by Israeli air defense system embedded in an open field in the Israeli-controlled Golan Heights. (AP Photo)An Israeli soldier stands next to a fragment of a missile fired from Iran and intercepted by Israeli air defense system embedded in an open field in the Israeli-controlled Golan Heights. (AP Photo)

US Israel Iran War News Live Updates: Iranian Foreign Minister Abbas Araghchi has told Japanese media that Tehran is prepared to allow the passage of Japan-linked vessels through the Strait of Hormuz, the transit for a fifth of global energy supplies, BBC reported. Japan is among six countries that have signalled they are ready to explore joint efforts to ensure safe passage through the Strait of Hormuz amid Iran’s blockade.

Israeli military says it is striking targets in Tehran, while several parts of the Iranian capital, the central city of Isfahan, and Karaj to its west its of Tehran, reported explosions on Saturday.

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US President Donald Trump said he is considering “winding down” military operations and that the United States is “very close to meeting its objectives” in the war with Iran. However, thousands of service members remain deployed across the Middle East with 2,500 marine on the way and the Pentagon has sought an additional $200 billion from Congress to fund the conflict.

The US on Saturday paused sanctions on Iranian oil stranded on tankers at sea until April 19, as Washington seeks to curb soaring prices, news agency AP reported. The decision comes as Trump appears to be running out of options to curb surging oil and gas prices.

Dubai, UAE Iran War News Live Updates: follow here

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Middle East Energy War: 72 Hours That Shook Global Markets

Market Shock — March 18–20, 2026

$116+

Brent crude intraday peak (per barrel) — up from ~$73 before the war began

Source: AP / Al Jazeera, Mar 19

2×

European TTF gas prices — doubled in the past month; hit 3-year high after Ras Laffan strike

Source: Fortune / Al Jazeera, Mar 19

Key Facilities Struck — 5 Countries, 72 Hours

Qatar

Ras Laffan Industrial City

Mar 19 · Iranian missiles (4 intercepted, 1 hit)

17% of Qatar’s LNG export capacity offline. LNG trains S4 & S6 destroyed. Force majeure declared. Repairs: 3–5 years.

QatarEnergy CEO al-Kaabi via Reuters/CNBC

Qatar

Pearl GTL Facility

Mar 18 · Part of wider Ras Laffan wave

Fire at Shell’s gas-to-liquids plant. Quickly extinguished. Among facilities confirmed hit in two-wave missile attack.

LNG Global crisis memo / QatarEnergy

Iran

South Pars — Asaluyeh Processing Hub

Mar 18 · Israeli airstrike (coordinated with US)

Onshore treatment facilities taken offline. Offshore gas transmission intact. World’s largest gas reserve. Sparked regional energy war.

Jerusalem Post / ME Council on Global Affairs

Saudi Arabia

SAMREF Refinery, Yanbu

Mar 19 · Drone confirmed by Saudi Defence Ministry

Drone fell at Aramco-ExxonMobil JV refinery (400,000 b/d). Damage assessment underway; industry sources report minimal impact. Yanbu port halted oil loadings.

Saudi Ministry of Defence / Arab News / Reuters

Israel

Bazan (Haifa) Refinery

Mar 19–20 · Iranian missiles

“Non-significant” damage to external infrastructure. Operations expected to resume shortly. No injuries reported.

Israel Energy Ministry / Times of Israel

Kuwait

Mina Al-Ahmadi Refinery

Mar 19–20 · Repeated Iranian drone strikes

Fires in multiple units; several units shut down. No injuries reported. Hit on both consecutive days. Kuwait is a non-combatant.

Kuwait KPC / AP / Middle East Eye

Strategic Shift

Analysts describe March 18 as the pivot from targeting leadership and military assets to the Energy Phase — a “tit-for-tat” campaign against the region’s economic backbone. Iran has threatened “zero restraint” on energy facilities of any nation hosting US forces or backing Israel.

Sources

AP · Reuters · Al Jazeera · Bloomberg · CNBC · Fortune · CNN · NPR · Jerusalem Post · Arab News · QatarEnergy (official statements) · Saudi Ministry of Defence · Kuwait KPC · ME Council on Global Affairs · LNG Global crisis memo · Argus Media · EIA Short-Term Energy Outlook (Mar 10, 2026)

5 Key developments

  • Fresh wave of Israeli strikes in Tehran: Israeli military said it is striking targets in Tehran as several parts of the Iranian capital, the central city of Isfahan, and Karaj to its west its of Tehran reported explosions on Saturday.
  • Sanctions on Iranian oil lifted: The US on Saturday paused sanctions on Iranian oil stranded on tankers at sea until April 19, as Washington seeks to curb soaring prices, news agency AP reported.
  • War funding push: The US Department of Defense is seeking $200 billion from Congress to sustain President Donald Trump’s war effort, with officials saying there is no clear timeline for an end to the conflict.
  • Rising casualties: The Iranian Red Crescent says at least 204 children are among more than 1,444 people killed in Iran, while over 1,000 people, including 118 children, have died in Israeli strikes on Lebanon.
  • Global concern: The European Council has called for de-escalation, warning over mounting civilian deaths and the risk of a broader regional crisis.

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