Iran-Israel Conflict Escalates, Oil Prices Soar

0:00It's March 20th. Let's get into the latest global headlines. Iran has ramped up its strikes on Gulf Neighbor's energy sites, hitting Katari liquefied natural gas plants and a major Kuwaiti oil refinery that processes over 730,000 barrels a day. This comes right after Israel bombed Iran's huge south-pars natural gas field. The world's largest, shared with Katar, fires broke out at the Kuwait site, already damaged the day before, as the conflict enters its third week. Explosions rocked to buy, during eat-out fighter celebrations, while Bahrain saw a warehouse blaze from intercepted shrapnel and Saudi defenses shot down. Drones aimed at its oil-rich east. Iran launched missile barrages at Israel, too, fueling fears over the strait of Hormuz, where a fifth of global oil flows. That crude hit $119.00 a barrel Thursday, before easing to $107.00 Friday, up 47 percent since late. February. Saudi Arabia's foreign minister, warned of rising regional dangers, and urged an end to

1:03hits on non-combatants. Israel's prime minister, Paul's further gas field strikes at President Trump's request, as the fence secretary Pete Hakesf noted this war differs from. Past U.S. fights in Iraq and Afghanistan. Iran's blare to cross Israel early Friday, sending folks to shelters in Jerusalem and the North, while explosions echoed in Tehran during Persian New. Year. Casualties mount with over 1,300 dead in Iran, 15 in Israel, 4 in the West Bank, and 13 U.S. troops lost. Lebanese officials report over 1 million displaced from strikes on Hezbollah. The United Arab Emirates arrested five men, tied to a Hezbollah and Iran, backed plot to undermine its finances through money laundering. With oil chaos rippling worldwide, leaders watch closely for any wider energy crunch.