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European gas prices surge more than 20% after Iran strikes the world's largest LNG plant.

Plus, Israel digs in for a protracted fight in Lebanon.

It definitely raises the stakes.

Another large-scale Israeli military operation in Lebanon could lead the country to spiral into civil conflict at a sensitive time.

And U.S. shoppers hunt for bargains in a boost for discount retailers.

It's Thursday, March 19th.

I'm Luke Vargas for the Wall Street Journal.

And here is the AM edition of What's News.

The top headlines and business stories moving your world today.

Iran is dialing up its attacks on Gulf energy facilities, a day after Israel struck a vital

Iranian gas field. Qatar is reporting extensive damage to a major gas hub.

Kuwait says that two of its refineries are ablaze after drone attacks, and a Saudi official says that a refinery outside of the capital Riyadh was hit by a ballistic missile late yesterday, generating a massive fireball.

Following the attacks, Brent-crued futures are sitting north of $116 a barrel this morning, an 8% jump.

US gasoline prices have climbed a further

four cents overnight, according to AAA, and European natural gas prices have surged more than

20% as traders assess that the Iran War has entered a new and even more volatile phase.

Editor Peter Landers has been overseeing the journal's Iran live blog overnight from

...