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Oil Tops $119 On Strike

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Oil Tops $119 On Strike

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Benzinga

73 Views • Mar 19, 2026

Description

Brent crude surged nearly 7% to $114.66/barrel after Iranian missiles struck Qatar's Ras Laffan LNG facility, briefly topping $119. Natural gas rose 2.8% and gasoline hit a near four-year high. Analysts warn markets could shift from supply chain disruption to a true supply shortage if attacks on Gulf energy infrastructure continue.