From the New York Times, it's the headlines.

I'm Tracy Mumford.

Today's Tuesday, March 24th.

Here's what we're covering.

In the Middle East.

Now, the missile attacks here reportedly caused extensive damage at oil facilities throughout the region.

A recent wave of attacks on energy infrastructure has marked a new phase in the war.

After Israel struck the South Pass gas field, Iran vowing to retaliate, and economists are raising

the alarm that the damage to the global economy could be longterm. Until now, much of the attention has been

on the straight of Hormuz, whether oil tankers and other ships can get in or out. The idea is,

if that's resolved, things will get flowing again. Fuel prices will come back down. But with targets

like refineries and gas fields coming under fire, the effects could be felt for years.

Let me explain you how challenging the situation is.

Yesterday, the head of the International Energy Agency said the war is the biggest threat to global energy security in history.

At least 40 for zero energy assets in the region are severely or very severely damaged.

One site that's been hit, for example, is a vast Qatari complex that produces roughly a fifth of the world's liquefied natural gas.

That's used to heat homes, cook food, and power factories across Asia and Europe.

An official said it could take up to five years to repair.

All the disruptions like that could continue to drive up global energy prices,

and high energy prices tend to slow economic growth, increase unemployment, and speed up inflation.

One energy consulting firm is now warning that oil,

which was about $73 a barrel before the war,

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