Gulf energy assets were hit during recent regional attacks.

Multiple energy facilities across the Gulf have been struck, with some operations suspended and fires reported under control; maritime transits through the Strait of Hormuz have fallen sharply.

A series of strikes and counterstrikes since the outbreak of war have affected major energy facilities across the Gulf. Reported damage includes sites in Iran, Qatar, Saudi Arabia, Kuwait and the United Arab Emirates. Some refineries and gas operations have suspended activity while local authorities report fires are under control at several locations. Shipping through the Strait of Hormuz has declined markedly as companies and crews respond to the security environment. Known impacts: - Iran's South Pars gas area was reported struck, and Iran is reported to have carried out rapid retaliatory strikes elsewhere in the region. - Facilities at Qatar's Ras Laffan, including the Pearl GTL complex, and several Saudi and Kuwaiti refineries and terminals were reported hit; some operations are suspended and fires were described as under control. - The U.S. carried out strikes on Kharg Island targeting military sites; oil facilities there were reported spared in that action. - Transits through the Strait of Hormuz fell sharply, with reporting that traffic dropped by roughly 96% between March 1 and March 18; analysts noted possible large-scale export disruptions if key ports are affected. Summary: The reported strikes have disrupted production and shipping links that are central to regional oil and gas flows. The immediate operational status varies by facility and location, and broader economic and logistical effects are still developing. Undetermined at this time.