Why Middle East gas field attacks could send energy prices soaring

SYDNEY: (Mar 21) Israel’s bombing of Iran’s South Pars gas field has sent shockwaves through global energy markets.

The South Pars gas field is part of the world’s largest gas field, known as North Dome, shared by Iran and Qatar.

Until now, nations on both sides of the conflict have confined their attacks to civilian infrastructure, where the damage is unlikely to affect critical services.