Surge in European Gas Prices Amid Iranian Strikes on Energy Facilities

Gas Prices Spike in Europe

On Thursday, European gas prices surged by 35% due to escalating supply concerns, as reported by various news sources.

This spike was prompted by Iranian attacks on energy infrastructure across the Gulf, which included Qatar’s primary liquefied natural gas facility, in retaliation for a strike on its refinery the previous day.

Qatar announced significant damage to the Ras Laffan industrial complex, which houses the largest liquefied natural gas facility globally. This complex was responsible for 19% of the world's liquefied natural gas exports in 2025.

The Iranian strikes followed an assault by Israeli and U.S. forces on Iranian energy sites linked to the South Pars gas field, the largest gas reserve shared with Qatar.

Additionally, the Iranian attacks targeted the Habshan gas facility and the Bab oil field located in the United Arab Emirates.

Condemnation from Gulf and Islamic Nations

Gulf, Islamic countries condemn Iranian attacks

In a meeting held in Riyadh, foreign ministers from several Arab and Islamic nations condemned Iran's actions, stating that such attacks cannot be justified under any circumstances.

The joint statement from the ministers of Qatar, Saudi Arabia, the UAE, Bahrain, Kuwait, Lebanon, Azerbaijan, Egypt, Jordan, Pakistan, Syria, and Turkey emphasized the right of nations to defend themselves as per Article 51 of the United Nations Charter.

The twelve nations urged Iran to cease its attacks immediately, stressing that future relations with Iran hinge on respecting state sovereignty and non-interference in internal matters.

They also called on Iran to avoid any actions that could obstruct international shipping through the Strait of Hormuz or threaten maritime security in Bab al-Mandab, which connects the Red Sea to the Gulf of Aden.

Trump's Remarks on the Situation

Trump’s warning

Former U.S. President Donald Trump commented that Israel had “violently lashed out” at a significant Iranian energy facility due to tensions in West Asia. He claimed that the U.S. was unaware of this specific attack while collaborating with Israel against Iran.

Trump clarified that Qatar was not involved in the assault on the Iranian facility, suggesting that Iran had misjudged the situation regarding the South Pars attack and unjustly targeted a part of a Qatari gas facility.

He warned that “no more attacks will be made by Israel” on the South Pars field unless Iran makes a reckless decision to strike Qatar, in which case the U.S. would respond decisively.