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A major escalation in attacks on energy infrastructure during the Iran war has sent oil prices higher and global stocks back into the red.
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It is not the first time that there has been deep energy-linked frustration in the heart of Europe.
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Oil prices jumped as markets react to escalating tensions after Qatar said Iranian missile strikes damaged a key liquefied natural gas export facility.
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Investors in Asia will look toward the Bank of Japan decision, which is expected to hold rates at 0.75%.
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World leaders are scrambling to contain a spiraling Middle East conflict on Thursday after Israel and Iran traded strikes on gas production facilities.
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Iran launched a series of retaliatory strikes against the vital energy infrastructure in nearby Gulf states after Israel hit its largest gas field Wednesday.
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Global markets slid after the Federal Reserve held rates steady and warned of persistent inflation, while an Iranian missile strike caused "extensive damage" to Qatar's Ras Laffan LNG hub, heightening fears of a fresh energy shock.
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Iran's military warned it would take "decisive action" in response to the strike on its energy infrastructure.
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The strikes on a gas field in Iran and an industrial complex in Qatar appeared to be some of the most significant attacks on energy sites since the U.S.-Israeli air war against Iran began.
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With oil supply disrupted, Beijing's oil reserves and renewable energy push are being put to the test.
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President Donald Trump announced "major combat operations" against Iran on Feb. 28, with massive joint U.S.-Israel strikes.
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