How the Iran war is about to hit your wallet
The Take
Al Jazeera
4.7 • 748 Ratings
🗓️ 23 March 2026
⏱️ 21 minutes
🧾️ Download transcript
Summary
Strikes on gas sites are now part of the US-Israel war with Iran. But its effect will echo far beyond the Gulf, hitting power, food, and prices worldwide. As gas supply shrinks and costs rise, who will feel it most, and how far could the shock spread?
In this episode:
- Justin Dargin (@justindargin), Energy Expert, Middle East Council on Global Affairs
Episode credits:
This episode was produced by Marcos Bartolomé, Tamara Khandaker, Sarí el-Khalili, Chloe K. Li, Tuleen Barakat, Catherine Nouhan and our guest host, Kevin Hirten. It was edited by Sarí el-Khalili. Alex Roldan is our sound designer.
The Take production team is Marcos Bartolomé, Sonia Bhagat, Spencer Cline, Sarí el-Khalili, Tamara Khandaker, Chloe K. Li, Alexandra Locke, Catherine Nouhan, Alex Roldan, and Noor Wazwaz. Our host is Malika Bilal.
Our editorial intern is Tuleen Barakat. Our engagement producers are Adam Abou-Gad and Vienna Maglio. Andrew Greiner is lead of audience engagement. Our video editors are Hisham Abu Salah and Mohannad al-Melhem. Alexandra Locke is The Take’s executive producer.
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Transcript
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| 0:00.0 | Al Jazeera Podcasts. |
| 0:07.0 | Today, a new front in the Israel-Iran war, gas fields. |
| 0:16.0 | On March the 18th, a significant escalation. Israel bombed the South Pass gas field, the largest in the world which is shared by Qatar |
| 0:27.6 | and Iran. |
| 0:29.6 | Around 85% of Iran's electricity comes from natural gas. |
| 0:34.6 | Iran responded by attacking key energy infrastructure in the region. |
| 0:41.0 | As attacks expand into civilian energy infrastructure, the impact could stretch well beyond |
| 0:46.6 | the region, affecting electricity, supply chains, and prices worldwide. Why does targeting |
| 0:52.3 | gas change the stakes of this war? |
| 0:57.5 | I'm Kevin Horton, and this is the take. |
| 1:06.6 | Before we continue with today's show, remember to leave us a comment telling us what you think about this episode and what stories you want to see us do next. |
| 1:16.0 | How worried are you about the global impact of these attacks? Are you feeling it already? Let us know. |
| 1:21.6 | And if you're listening on your podcast app, leave us a review telling us where are you listening from, and you might as well |
| 1:27.8 | give us a five-star rating while you're there. It really does help the show. |
| 1:33.1 | My name is Justin Dargan. I'm a senior fellow at the Middle East Council and Global Affairs. |
| 1:39.7 | In Doha, right now I'm speaking to from the U.S. So hopefully when things die down, I'll be back in Qatar soon. |
| 1:47.1 | Justin, welcome to the take. |
| 1:48.6 | So today we are going to try to explore some of the implications of these attacks we've seen on energy infrastructure in the Gulf. |
| 1:55.9 | And things really came to a head on Wednesday when Iran and Qatar accused Israel of attacking a facility |
| 2:02.3 | on the Iranian side of the South Pars. |
| 2:05.8 | Israel hit Iran's South Pars gas fuel, part of the world's biggest gas reserve, shared with Qatar. |
| 2:12.0 | President Trump has warned Iran against targeting Qatar's Rasslafan again, and in a social |
... |
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