Israel has struck Iran's South Pars natural gas field, the world's largest gas reserve, marking a major escalation in the ongoing conflict. In response, Iran retaliated with a strike on Qatar's Ras Laffan industrial city, home to the world's largest LNG facility. The attack caused fires and damage at the site, raising serious concerns over global energy supply. Qatar is a key exporter of liquefied natural gas, supplying large volumes to Europe and Asia. polymarket shows 83% chances that average natural gas prices in U.S. reach $4 per gallon by the end of March. The back-to-back strikes have shaken global energy markets, with fears of supply disruptions pushing oil and gas prices higher. [geopolitics, world affairs] #geopolitics #facts #updates