Iran Conflict — 2026-03-20

Israel Strikes South Pars Gas Field; Iran Retaliates Across Gulf Energy Infrastructure

Israel struck Asaluyeh, the onshore processing hub for South Pars — the world's largest gas field. Iran responded with six retaliatory waves targeting energy infrastructure across Qatar, Saudi Arabia, UAE, and Kuwait. Qatar's Ras Laffan LNG terminal sustained damage cutting 17% of output for an estimated five years, representing ~$20B in annual losses and a 9% GDP hit to Qatar.

Analysis
Prior INTSUM reported Trump threatening to destroy South Pars if Iran struck Qatar again. Israel struck first, and Iran's retaliatory campaign against Gulf energy infrastructure has now shifted the war's center of gravity from military targets to economic warfare.