Israel Strikes Refinery at Iran’s Giant South Pars Gas Field

The unfolding Middle East crisis extended to Iran’s energy infrastructure as Israel launched an attack on a giant gas field in the Persian Gulf, threatening further turmoil for markets.

Israel’s strike on Saturday triggered a powerful explosion and fire at a natural gas processing facility linked to Iran’s giant South Pars field. The hit on the onshore Phase 14 processing plant forced the shut down of a production platform at the field, according to a report from the semi-official Tasnim news agency.