Gas prices in Europe have surged by a staggering 30% after Iranian drone strikes forced...

Published: 11:02 am March 2, 2026
Updated: 1:17 pm March 2, 2026

Gas prices in Europe have surged by a staggering 30% after Iranian drone strikes forced Qatar to halt its liquefied natural gas (LNG) output. The attacks targeted Qatar’s key energy hubs in Ras Laffan and Mesaieed, shutting down vital facilities of one of the world’s biggest LNG exporters.

State-run QatarEnergy confirmed the suspension of LNG production amid rising tensions and severed diplomatic ties with Iran.

Saudi Arabia’s Oil Refinery Hit—Partial Shutdown Declared

Saudi Arabia’s giant Ras Tanura refinery, the world’s largest, suffered a drone strike today. The Saudi defence ministry shot down two missiles aimed at the facility, which processes around 550,000 barrels of oil daily.

The attack has set alarm bells ringing over the potential for Saudi Arabia to enter the widening Middle East conflict militarily.

US Jets Crash Near Kuwait—War Fears Escalate

  • Three US F-15 fighters crashed near Kuwait’s embassy in a reported ‘friendly fire’ incident. Miraculously, all crews survived.
  • US and Israeli forces are now locked in a fierce three-day battle with Iran.
  • The RAF intercepted and shot down two Iranian drones heading for its Cyprus base, stoking fears the conflict could spiral further.

Diplomatic Fallout and UK Military on High Alert

Former President Donald Trump slammed Labour’s Sir Keir Starmer after the US was denied use of UK bases for strikes on Iran.

British forces in Cyprus were ordered to take cover amid a mysterious ‘security threat.’

The UK government is reportedly drawing up evacuation plans for as many as 300,000 Britons trapped in danger zones amid Iran’s strikes.

International voices urge calm: China and Russia demand an immediate ceasefire. Chinese foreign ministry spokeswoman Mao Ning warned, “The most urgent task is an immediate cessation of military operations and preventing the spread of conflict.” Russia condemned civilian attacks as “unacceptable.”

US Military Death Toll Rises Amid Fighting

The US Central Command confirmed four American service members have been killed since Saturday, marking a grim escalation in the deadly standoff.

Saudi Arabia Weighs Retaliation Over Drone Assaults

A Saudi source said military response depends on whether Tehran ordered the drone strikes or if they were rogue operations.

“It depends if this is seen as a direct attack on Aramco by the Iranian leadership or a rogue drone,” the insider said. “At this stage, Saudi will watch and wait.”

 

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