Israeli Strikes Hit Iran’s South Pars Gas Field and Expand into Southern Lebanon as Oil Markets Reel
The U.S.- and Israeli-led war against Iran, now in its third week, has escalated sharply with fresh Israeli airstrikes on Iranian energy infrastructure and a deepening ground offensive against Hezbollah in Lebanon, pushing the region toward a broader energy and humanitarian crisis. The conflict erupted on February 28 when joint U.S. and Israeli forces launched “Epic Fury”/“Roaring Lion” airstrikes on Iranian nuclear, military, and leadership targets, killing Supreme Leader Ayatollah Ali Khamenei and senior officials in a decapitation campaign. What began as a targeted operation to dismantle Iran’s nuclear program and missile capabilities has morphed into a multi-front regional war involving direct Iranian retaliation, proxy escalation, and disruption of global energy flows. Latest Developments as of March 20, 2026 (Day 21) Iranian heartland under sustained attack: Israeli forces have expanded operations deep into Iran, striking naval assets on the Caspian Sea, the Islamic Revolutionary...