19 Mar , 2026 By : Debdeep Gupta
Israel carried out the South Pars gas field attack in Iran, but the United States and Qatar were not involved, Donald Trump said late on Wednesday
Frontline shares like Eternal, IndiGo, BPCL were trading up to 4% lower on March 19 as oil prices rose on Thursday, with benchmark Brent rising as much as $5 a barrel, after Iran attacked energy facilities across the Middle East following a strike on the South Pars gas field, a major escalation in the war with the United States and Israel.
Brent futures were up $4.66, or 4.3%, at $112.04 a barrel by 0400 GMT, after an earlier rise of more than $5 to $112.86 a barrel. US West Texas Intermediate crude rose 96 cents, or 1%, to $97.28 a barrel, after having risen over $3.
Shares of food delivery platform sites like Eternal and Swiggy were trading 4.4% and 3.4% lower, respectively as Street expects higher overheads on rising crude prices. Meanwhile, shares of IndiGo, the country's largest domestic airline, were trading 3.1% lower at Rs 4,223 apiece.
Shares of oil marketing companies were also trading lower with BPCL, HPCL trading 3% and 4% lower.
On Wednesday, QatarEnergy said Iranian missile attacks on Ras Laffan, the site of Qatar's core LNG processing operations, caused "extensive damage" to its energy hub.
Saudi Arabia said it intercepted and destroyed four ballistic missiles launched on Wednesday toward Riyadh and an attempted drone attack on a gas facility.
Iran issued evacuation warnings before its attacks for several oil facilities across Saudi Arabia, the UAE and Qatar, as it prepared to retaliate for strikes on its own energy infrastructure in South Pars and Asaluyeh.
South Pars is the Iranian sector of the world's largest natural gas deposit, which Iran shares with U.S. ally Qatar on the other side of the Gulf.
Israel carried out the South Pars gas field attack, but the United States and Qatar were not involved, President Donald Trump said late on Wednesday.
He added that Israel would not further attack Iranian facilities in South Pars unless Iran attacked Qatar, and warned that the United States would respond if Iran acted against Doha.
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