Gas Prices Rocket 30% As Trump Threatens To ‘Blow Up’ Iran Megafield

Energy Shock Sends Prices Soaring

Global energy markets were thrown into chaos after gas prices surged more than 30 per cent — as Donald Trump threatened to “massively blow up” one of the Middle East’s most critical gas fields.

The explosive warning came as the Iran war spiralled into what Tehran itself called a “full-scale economic war” — with missiles now targeting the infrastructure that powers the global economy.

World’s Biggest Gas Field Hit

The crisis escalated after strikes on Iran’s vast South Pars field — the largest natural gas reserve on Earth — which supplies roughly 70 per cent of the country’s gas.

Fires tore through facilities overnight, while fresh Iranian missile attacks hit Qatar’s key energy hub at Ras Laffan, triggering further blazes and forcing shutdowns.

European gas markets reacted instantly — surging by more than 30 per cent in a single shock move.

Trump Threatens Massive Retaliation

Speaking after the strikes, Trump warned he could unleash unprecedented destruction if Iran continues targeting Gulf energy sites.

“I will not hesitate,” he said, threatening force “that Iran has never seen or witnessed before.”

The remarks sent fresh tremors through already jittery markets — with traders now bracing for worst-case scenarios.

$200 Oil Fears Take Hold

With the Strait of Hormuz effectively choked, up to a fifth of global oil supply remains under threat.

Prices have already surged from $72 before the war to nearly $110 — with warnings they could skyrocket to $200 a barrel if disruption continues.

Analysts say the current crisis could eclipse even the 1970s oil shock.

Britain Braced For Economic Hit

The fallout is already hitting households.

Petrol and diesel prices are climbing sharply, while Keir Starmer warned the longer the conflict drags on, the worse the cost-of-living impact will become.

Behind the scenes, officials are scrambling over potential emergency support as markets grow increasingly unstable.

War Spreads Across The Region

The wider conflict continues to intensify.

Iran has launched fresh missile strikes across the Gulf, while US and Israeli forces ramp up attacks on strategic targets.

Military deployments are increasing, tensions are escalating — and the global economy is now directly in the firing line.

SOURCE

Brits have plenty supply in the North Sea ,but don’t want to drill the reserves