0921 GMT - Threatened strikes on key energy facilities in Saudi Arabia, the UAE, and Qatar could push oil prices past $120 a barrel immediately, according to Rystad Energy. The five facilities warned by Iran together account for roughly 20% of global LNG trade, up to 10% of Asia-Pacific naphtha imports, and more than 6% of global polyethylene capacity--all concentrated in a region with few near-term alternatives. "If statements from Iran's Tasnim news agency come to fruition, with facilities in Saudi Arabia, UAE and Qatar all hit, at least 700,000 barrels per day of refined product capacity would be removed from global markets overnight, hitting diesel, jet fuel and naphtha supply simultaneously across three countries," analysts at Rystad say. Oil could even reach $150 a barrel or higher if critical infrastructure such as Saudi Arabia's Yanbu port is hit, the firm says. (giulia.petroni@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 05:21 ET (09:21 GMT)
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