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The West Asia crisis has entered a dangerous new phase.
Following the killing of senior Iranian figure Ali Larijani, Iran has launched retaliatory missile strikes on Israel .. calling its response “decisive and regrettable.”
At the same time, Israeli strikes are being reported deep inside Tehran, with claims of targeting top intelligence leadership. Iran has responded internally with mass arrests and allegations of spy networks operating across the country.
The United States has now stepped in militarily… launching high-intensity strikes near the Strait of Hormuz using bunker-buster bombs and stealth aircraft. This marks a major escalation with serious implications for global shipping and energy security.
But amid the conflict, a paradox is emerging ..rising oil prices have turned the crisis into a financial windfall for Iran, with daily revenues surging as global markets react.
Watch World News With Pankaj Mishra.


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Transcript
00:00Hello and welcome to One India. You're watching World News. I'm Pankaj Mishra.
00:05The tensions in West Asia are no longer simmering. They are spilling over into critical energy infrastructure, mainly the energy
00:13sector now.
00:14From a drone strike inside Kuwait to Qatar expelling Iranian diplomats and a sharply worded warning from Washington, the message
00:23is clear.
00:23The energy sector is now a battlefield. We begin with breaking developments from Kuwait.
00:33A drone attack has hit deep into Kuwait's oil infrastructure, a refinery operated by the state-owned Kuwait Petroleum Corporation.
00:42The strike targeted a unit inside the Meena al-Ehmadi refinery, triggering a fire and raising fresh concerns about the
00:50vulnerability of Gulf energy assets.
00:53Kuwaiti authorities say the fire was contained and there were no casualties, but the message behind the attack is far
01:01more significant.
01:02Take a look at this report.
01:04A recent drone attack has struck Kuwait's Meena al-Ehmadi oil refinery, causing a fire at one of the country's
01:13largest facilities.
01:14The refinery, operated by Kuwait Petroleum Corporation, is a major hub within the Meena al-Ehmadi and Meena abdallah complex,
01:25processing hundreds of thousands of barrels of oil per day.
01:29State media and international outlets, including AP and Reuters, confirm that a drone hit an operational unit at the refinery,
01:39igniting a fire.
01:40Fortunately, no injuries have been reported.
01:44Some accounts suggest this may be the second strike today, with another drone reportedly hitting the nearby Meena al-Abdallah
01:53refinery, also causing a blaze.
01:56This attack comes amid a broader pattern of escalating tensions across the Gulf in March 2026.
02:03Iranian-linked drone and missile strikes have targeted energy infrastructure in several countries, including Kuwait, Saudi Arabia, the UAE, and
02:14Iraq.
02:15Earlier incidents in Kuwait included debris from intercepted drones injuring refinery workers, as well as strikes on airport fuel tanks,
02:25government buildings, and military sites.
02:28While many reports link these attacks to Iran or its proxies, Tehran has denied involvement in some cases.
02:37Analysts warn that repeated attacks on key oil facilities could disrupt energy supplies and even influence global fuel prices, particularly
02:47in Europe, which relies heavily on Gulf imports.
02:50The situation remains fluid, and authorities are monitoring the impact on operations.
02:57Officials urge caution and are closely tracking developments at Kuwait Petroleum Corporation's facilities.
03:04As the region faces ongoing threats, this latest strike underscores the vulnerability of critical energy infrastructure amid escalating geopolitical tensions
03:15in the Gulf.
03:18Now, that strike is not an isolated incident.
03:22The fallout is already visible, and it's diplomatic too.
03:27Qatar has now expelled two senior Iranian diplomats, declaring them persona non grata after what it calls a direct attack
03:36on its sovereignty.
03:37They trigger a strike on Ras Lafan Industrial Zone, one of the world's most critical LNG hubs.
03:45Doha is calling it a blatant act of aggression, invoking international law and sending a clear signal that escalation will
03:54come at a cost.
03:56But why is Ras Lafan so strategically vital, not just for Qatar, but also for Europe and Asia?
04:04The report breaks it down.
04:06The recent Iranian attack on Qatar Energy's Ras Lafan Industrial City marks a major escalation in the ongoing U.S.-Israel
04:16-Iran tensions,
04:17sending shockwaves through global energy markets.
04:21Qatar Energy is the world's largest liquefied natural gas producer, supplying around 77 million metric tons of LNG annually.
04:31Its main hub, Ras Lafan Industrial City, located about 80 kilometers northeast of Doha,
04:38is the largest LNG production complex in the world, accounting for nearly 20 percent of global supply.
04:46The facility plays a crucial role in stabilizing energy demand across Asia and Europe,
04:52with most shipments passing through the strategically vital Strait of Hormuz.
04:57Ras Lafan is also a key global supplier of helium.
05:02Plants previously operated by Ross Gas produce nearly 25 percent of the world's helium,
05:09making Qatar the second largest exporter globally.
05:13Earlier this month, Iranian drone strikes forced Qatar to halt LNG production,
05:19triggering sharp volatility in global energy markets.
05:22Now, following Iran's latest missile attack, launched in retaliation for Israeli strikes on its gas fields,
05:30oil prices have surged.
05:32Brent crude jumped over 7 percent to around $111 a barrel, while U.S. crude rose close to $100.
05:41LNG prices are also climbing, especially in Europe.
05:45Europe has become increasingly dependent on Qatar-y gas, after the Russia-Ukraine war,
05:51and the disruption of Russian supplies, including the destruction of the Nord Stream pipelines.
05:57Any disruption at Ras Lafan has direct consequences for European energy security.
06:03The latest escalation comes after Israeli strikes on Iranian energy infrastructure,
06:09prompting Tehran to target facilities in Qatar.
06:12U.S. President Donald Trump weighed in via Truth Social.
06:16He denied prior U.S. knowledge of Israeli attacks on Iranian gas sites,
06:22warned against further Iranian strikes on Qatar,
06:25and threatened massive retaliation on Iran's South Pars field,
06:30highlighting the high stakes for both energy markets and geopolitics.
06:34As Ras Lafan works to recover and markets monitor every update,
06:39the world watches closely.
06:42And now the sharpest reaction yet from Washington.
06:46U.S. President Donald Trump has publicly distanced the United States
06:50from Israel's reported strike on Iran's South Pars gas field.
06:54But what stands out is not just the attack, it's the warning that followed.
06:58In a strongly worded statement, Trump lashed out at Iran's targeting of Qatar's LNG infrastructure,
07:04defended Doha in unusually direct terms and drew a red line.
07:09A threat to Qatar, he said, could trigger devastating consequences,
07:13including action against South Pars itself.
07:17This, even as reports suggest Israel, may have acted alone despite Washington stepping back.
07:24A dip in the U.S.-Israel ties on the cards?
07:27Well, Trump's comments of no knowledge about the attack is the first sign in that direction.
07:34Here's the full story.
07:36Is the U.S.-Israel alliance cracking in the middle of war?
07:40A stunning statement from Donald Trump is raising serious questions
07:45after he openly distanced Washington from Israel's strike on Iran.
07:49Trump has made it clear the United States had no involvement in the attack on Iran's South Pars gas field.
07:58Instead, he pointed directly at Israel.
08:02In fact, Trump went further, saying Israel acted out of anger,
08:07a rare and blunt criticism of one of America's closest allies.
08:12The consequences were immediate.
08:14Iran, unaware of the details, retaliated, launching strikes on energy infrastructure across Qatar, the UAE, and Saudi Arabia.
08:24Qatar's Ras Lawson LNG hub, one of the world's most critical energy sites, was hit, causing fires and extensive damage.
08:33A global energy shock followed.
08:36Trump emphasized that Qatar had no role in the original attack, calling Iran's retaliation unjustified and misinformed.
08:46Then came the clarification.
08:48Trump announced that Israel will not target South Pars again unless Iran escalates further.
08:55But the warning was sharp.
08:57If Iran attacks Qatar again, the U.S. could launch a massive strike on Iran's gas infrastructure.
09:04Behind the statements lies a deeper question.
09:08Is Washington trying to rein in Israel, or is this the beginning of a strategic divide?
09:15The broader picture is troubling.
09:17Energy sites across the Gulf are now under attack, from Iran's South Pars to Qatar's LNG hubs and UAE facilities.
09:26Markets are reacting, alliances are shifting, and the risk of miscalculation is growing.
09:33A single strike has triggered a chain reaction across the region.
09:38Trump's clarification may have aimed to calm tensions, but it has also exposed a rare moment of friction between the
09:45U.S. and Israel.
09:47In a war already spiraling, even allies may not be fully aligned anymore.
09:55So, here's the bottom line.
09:57Saudi Arabia is hosting an emergency Riyadh meeting after Iran's retaliation shifted focus from Israel strikes.
10:04Following attacks on South Pars and threats to Gulf energy sites, missile strikes near Qatar escalated tensions,
10:11shattered trust with Tehran, and strategically shifted political pressure onto Iran.
10:17Stay with us for more global updates.
10:20Thanks for watching World News.
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