+ 13.84
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+ 13.84
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Updated - March 20, 2026 at 08:00 AM.
From LNG supply shocks and Middle East energy tensions to Gaza developments and a sharp market sell-off — here are today’s top global energy, geopolitical, and financial stories you need to know.
Attack on gas facility in Qatar, impact will be felt in India too
Damage to Ras Laffan Industrial City in Qatar has disrupted LNG supplies to India, affecting companies like Petronet LNG, GAIL, and GSPC. Qatar supplies 40–50% of India’s LNG, making the disruption critical. GAIL is facing a total suspension of supply, while importers have cut deliveries by up to 40%, impacting industries, power, and fertilizers. LNG prices have surged, with spot rates rising sharply and increasing India’s energy costs and subsidies. India is seeking alternative supplies from distant sources at higher costs and prioritizing gas allocation to key sectors. Despite these efforts, the disruption is expected to strain energy security and impact the economy.
By Richa Mishra
Attacked South Pars natural gas field is an energy lifeline for Iran
The South Pars Gas Field, the world’s largest natural gas field and a key energy source for Iran, came under attack, triggering regional escalation and disruptions through the Strait of Hormuz, pushing global energy prices higher. South Pars supplies about 80% of Iran’s gas for domestic use, while Qatar uses its share for LNG exports. The conflict has increased risks to energy infrastructure and highlighted Iran’s limited export capacity despite large reserves.
By AP- PTI
Israel reopens Rafah crossing amid new truce push
Israel reopened the Rafah crossing with Egypt after nearly three weeks, allowing a limited number of wounded Palestinians to leave Gaza for medical treatment. Only a small group of injured people and their families were permitted to cross, following talks linked to efforts to maintain the Gaza ceasefire amid tensions tied to the Iran conflict. Despite a brief decline, Israeli strikes in Gaza have resumed, with recent airstrikes killing civilians. Both Israel and Hamas continue to blame each other for violating the truce.
By Reuters
Sensex, Nifty crash 3.26% in biggest fall since June 2024
Indian markets plunged, with the BSE Sensex and Nifty50 falling over 3%, led by losses in HDFC Bank. The drop was driven by the escalating Israel-Iran conflict, which pushed oil prices above $114 due to disruptions in the Strait of Hormuz, and a hawkish stance from the US Federal Reserve. Volatility surged, all sectors declined, and the near-term outlook remains bearish unless tensions ease.
By Anupama Ghosh
Script & VO: Prethicshaa Gurumoorthy
Published on March 20, 2026
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