Crude Oil Futures Climb on Iranian Retaliation -- Market Talk

Dow Jones03-19

0921 ET - State-owned QatarEnergy says Iranian missile strikes caused "extensive further damage" on the Ras Laffan complex in Qatar, home to the world's largest liquefied-natural-gas export facility. The attack followed another Iranian strike at the site on Wednesday that also inflicted significant damage. The attacks are pushing up crude oil futures, with Brent crude up 5.4% to $113.34 a barrel. "Oil markets, already at $110 per barrel, would likely breach $120 in the immediate aftermath, with further upside depending on the severity of the damage sustained," says Rystad Energy in a note. WTI crude is up 1.3% to $96.74 a barrel. (kirk.maltais@wsj.com)

(END) Dow Jones Newswires

March 19, 2026 09:21 ET (13:21 GMT)

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The attacks are pushing up crude oil futures, with Brent crude up 5.4% to $113.34 a barrel. \"Oil markets, already at $110 per barrel, would likely breach $120 in the immediate aftermath, with further upside depending on the severity of the damage sustained,\" says Rystad Energy in a note. WTI crude is up 1.3% to $96.74 a barrel. 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