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Oil prices jumped as markets react to escalating tensions after Qatar said Iranian missile strikes damaged a key liquefied natural gas export facility.
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World leaders are scrambling to contain a spiraling Middle East conflict on Thursday after Israel and Iran traded strikes on gas production facilities.
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President Trump said Israel was responsible for the attack, but vowed to "massively" destroy the gas field if Tehran hit Qatar's energy facilities in retaliation.
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President Trump said that Israel acted alone when it struck the South Pars gas field in Iran. Trump threatened Iran to halt its attacks on Qatar's facilities, or face a "blow up" of their South Pars field.
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Iran launched a series of retaliatory strikes against the vital energy infrastructure in nearby Gulf states after Israel hit its largest gas field Wednesday.
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