Netanyahu heeds Trump on Iran strikes as oil spikes, gas hits 2022 high


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Israel launched a new round of strikes inside Tehran Friday morning as the war moved into its third week. Iran fired back with missiles into northern Israel, widening the conflict and pushing energy markets higher.

The Israeli military said it targeted infrastructure tied to the Iranian government in the capital. The strikes followed Israel’s decision to hold off on further hits to major Iranian energy sites.

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Israel pulls back after gas field strike

Prime Minister Benjamin Netanyahu said Israel carried out the earlier strike on Iran’s South Pars gas facility on its own and will not repeat that specific operation for now.

“Israel acted alone against the Asaluyeh gas compound… President Trump asked us to hold off on future attacks and we’re holding out,” Netanyahu said.

His comments directly push back on earlier reporting that the strike was coordinated with the United States, contradicting claims from Trump that Washington had no prior knowledge.

Israeli Prime Minister Benjamin Netanyahu speaks during a press conference in Jerusalem, Thursday, March 19, 2026. (Ronen Zvulun, Pool Photo via AP)

U.S. and Israeli officials familiar with the operation say the U.S. was aware of the strike in advance.

Iran widens missile and drone attacks

Iran kept up its retaliation Friday with multiple waves of missiles and drones targeting Israel and other countries in the region.

Sirens sounded across northern Israel, including Haifa and areas near the Lebanese border. Emergency officials reported no fatalities, though some people were injured while rushing to shelters.

Excess gas is burned at the oil refinery in Israel’s northern city of Haifa late on March 19, 2026. Amid growing fears over the economic damage from the Middle East war, US President Donald Trump said there would be no repeat of Israel’s attack on Iran’s key South Pars gas field, but he warned of a furious US response if Tehran did not halt strikes on Qatar. Iran responded that it would have “zero restraint” if its energy infrastructure was hit again. (Photo by Odd ANDERSEN / AFP via Getty Images)

Iran also launched strikes on targets in Gulf states, including Kuwait, where air defenses intercepted drones and missiles.

Oil holds above $100 after volatile spike

Energy markets have been volatile following strikes on oil and gas infrastructure.

Global benchmark crude briefly surged above $119 a barrel before pulling back to around $110. Analysts say prices are likely to stay elevated with damage to energy facilities and shipping routes still disrupted.
The Strait of Hormuz — which carries about 20% of the world’s oil — has been largely shut for nearly three weeks, tightening supply.

U.S. gas prices are still climbing. The national average rose another three cents overnight to $3.91 a gallon — the highest level since October 2022.

Goldman Sachs says prices could remain above $100 for an extended period if disruptions continue.
Qatar’s Ras Laffan facility, the world’s largest natural gas processing site, has already lost export capacity after missile strikes.

U.S. targets vessels as allies weigh options

Meantime, the U.S. military is targeting Iranian mine-laying vessels and coastal sites to reduce threats to commercial shipping.

At the same time, international groups are working on a plan to move ships out of the Gulf. The United Kingdom has sent military planners to coordinate with the U.S., but there is still no agreement on how to fully reopen the strait.

Roughly 20,000 seafarers remain stranded in the region.

War funding fight builds in Washington

As Straight Arrow News has reported, the Trump administration is preparing to seek up to $200 billion from Congress to fund the war.

On Thursday in the Oval Office, Trump defended the expected request, arguing the cost is necessary to keep the military ready.

“We want to be sure… it’s a small price to pay to make sure that we stay tippy-top,” he said.

US President Donald Trump meets with Japan’s Prime Minister Sanae Takaichi in the Oval Office of the White House in Washington on March 19, 2026. Also pictured, US Vice President JD Vance (2R) and US Secretary of State Marco Rubio (R). (Photo by Jim WATSON / AFP via Getty Images)

The proposal is already running into resistance, including from some Republicans who want clearer objectives and a defined timeline before approving more funding.

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Why this story matters

The widening conflict between Israel and Iran has disrupted global energy supplies, raising fuel costs and stranding thousands of workers in a closed shipping route that handles a fifth of the world's oil.

Higher energy costs are already here

Oil prices are holding above $100 per barrel after spiking to $119, and analysts expect them to stay elevated due to damage to energy infrastructure and the near-total closure of the Strait of Hormuz for three weeks.

Major shipping route remains shut

The Strait of Hormuz, which carries about 20% of the world's oil, has been largely closed for nearly three weeks, tightening global supply and leaving roughly 20,000 seafarers stranded in the region.

U.S. may seek $200 billion in war funding

The Trump administration is preparing to ask Congress for up to $200 billion to fund the war, a request already facing resistance from some Republicans who want clearer objectives before approving more spending.

SAN provides
Unbiased. Straight Facts.

Don’t just take our word for it.


Certified balanced reporting

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100/100

Welcome back to trustworthy journalism.

Find out more

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