Israel Ups Strikes On Iran’s Navy; Qatar’s LNG Hub Damaged in Retaliation

Israel Ups Strikes On Iran’s Navy; Qatar’s LNG Hub Damaged in Retaliation

Iran reiterates new rules in place for Hormuz transit as traffic remains de-minimus…

(Tyler Durden Reports)

Summary

• Israel strikes Iran Navy in Caspian Sea. Iran FM Discusses Strait of Hormuz with EU’s Kallas, oil dumps, amid reports of Iran launches on KSA. Largest Qatar LNG export hub hit by Iranian missiles. 
• Some Gulf states want to ensure Iran’s missile arsenal destroyed for good, as EU, Russia, China demand ceasefire; Beijing ignores Trump’s Hormuz plea
• Israel says Iran’s intelligence chief Esmail Khatib was eliminated overnight as pace of top leadership killings accelerates.
• Iran says upstream oil and gas assets are under attack for first time since war began, readies retaliatory action against oil/gas assets in Gulf area, including Qatar, Saudi Arabia, & UAE; Iraq reroutes some flows through Ceyhan Pipeline to Turkey
• Iran reiterates new rules in place for Hormuz transit as traffic remains de-minimus, sparking reports that “the blockade is now the worst disruption to oil flows ever…“
• Trump Waives Jones Act to “mitigate the short-term disruptions to the oil market“; VP Vance will meet with Big Oil Execs on Thursday to discuss plan to combat surging gas prices at the pump  

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War Expands To Israeli Strikes in the Caspian Sea

The war has once again expanded geographically, as Israeli media is reporting fighting in the Caspian Sea.

Jerusalem Post reports that for the first time, the Israeli Air Force is currently striking the Iranian navy in the Caspian Sea. Axios is also reporting the Caspian action.

🇮🇱🇮🇷🇷🇺BREAKING | According to reports, the target of the strike carried out half an hour ago by Israeli Air Force fighter jets was an object in central Iran, in the Caspian Sea area, which Russia and Iran use for maritime transportation and arms supply.

🇺🇦 Since the start of the… pic.twitter.com/CqMwDDgI1j

— Visioner (@visionergeo) March 18, 2026

WTI futures rebounded late in the day, inching back towards triple-digit territory.

Also, Iran’s Fars News Agency claims IRGC missiles attacked gas facilities in Bahrain:

• ATTACK ON LNG REFINERY IN BAHRAIN STILL ONGOING, FARS REPORTS
• IRAN’S FARS REPORTS LNG REFINERY IN BAHRAIN TARGETED, DAMAGED

NatGas prices also surged…

A barrage of headlines out of the Middle East today only shows an escalating conflict, as US-Israeli forces targeted upstream Iranian energy assets, including the South Pars gas field, while IRGC forces launched missile strikes across Gulf states in a retaliatory attempt to hit critical energy infrastructure.

🚨
Direct from the gas fields in Riyadh pic.twitter.com/jmQAiDXMLI

— AHMAD SLMAN (@ahmadslmanx) March 18, 2026

The trajectory of the conflict took a turn for the worse today, with a shift toward an economic war focused on degrading each side’s energy production capacity. 

*  *  * 

Qatar Confirms New Wave of Missile Strikes on Energy; US Had Foreknowledge of Israeli Attacks on Pars…

CONTINUE READING POSTS COVERED IN ABOVE SUMMARY…

Header featured image (edited) credit: Facebook open public picture. Emphasis added by (TLB)

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