Israel Shuts Down Gas Fields After US-Israel Strikes on Iran

The gas platform for Leviathan, Israel's largest gas field is seen from a helicopter near Haifa bay, northern Israel, August 1, 2023. REUTERS/Ari Rabinovitch
The gas platform for Leviathan, Israel's largest gas field is seen from a helicopter near Haifa bay, northern Israel, August 1, 2023. REUTERS/Ari Rabinovitch
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Israel Shuts Down Gas Fields After US-Israel Strikes on Iran

The gas platform for Leviathan, Israel's largest gas field is seen from a helicopter near Haifa bay, northern Israel, August 1, 2023. REUTERS/Ari Rabinovitch
The gas platform for Leviathan, Israel's largest gas field is seen from a helicopter near Haifa bay, northern Israel, August 1, 2023. REUTERS/Ari Rabinovitch

The Israeli Energy Ministry has ordered the temporary shutdown of parts of the country's natural gas reservoirs after Israel and the United States launched strikes on Iran on Saturday.

The Leviathan gas field offshore Israel, operated by Chevron has been shut down, three sources told Reuters. Energean’s production vessel that serves several Israeli fields has also been shut down, the company said in a statement.

Israel’s ministry said the decision was based on “the current situation and in accordance with security assessments”, Reuters reported.

It said country’s energy needs would be met through alternative sources and that the electricity sector was prepared to operate power stations using alternative fuels if necessary.



Emirati Firm Suspends Supplies from Major Iraq Gas Complex

Smoke rises following an Iranian drone attack on Erbil airport in Erbil, Iraq, 28 February 2026.EPA/GAILAN HAJI
Smoke rises following an Iranian drone attack on Erbil airport in Erbil, Iraq, 28 February 2026.EPA/GAILAN HAJI
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Emirati Firm Suspends Supplies from Major Iraq Gas Complex

Smoke rises following an Iranian drone attack on Erbil airport in Erbil, Iraq, 28 February 2026.EPA/GAILAN HAJI
Smoke rises following an Iranian drone attack on Erbil airport in Erbil, Iraq, 28 February 2026.EPA/GAILAN HAJI

Emirati company Dana Gas has suspended natural gas supplies from a major gas complex in northern Iraq amid the regional escalation, said authorities in Iraq's autonomous Kurdistan region.

Kurdistan's electricity and natural resources ministries said in a statement that "due to the extraordinary circumstances and ongoing events in the region, and to protect employees at the Khor Mor field, Dana Gas has suspended natural gas exports to power plants".

The Khor Mor complex, which supplies most of Kurdistan's power stations, has been hit several times in recent years in attacks blamed on pro-Iran Iraqi groups.


Some Oil Majors, Traders Suspend Shipments via Hormuz amid US Attack on Iran

A warship of the "Revolutionary Guard" launches a missile during maneuvers in the Strait of Hormuz (Sepah News)
A warship of the "Revolutionary Guard" launches a missile during maneuvers in the Strait of Hormuz (Sepah News)
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Some Oil Majors, Traders Suspend Shipments via Hormuz amid US Attack on Iran

A warship of the "Revolutionary Guard" launches a missile during maneuvers in the Strait of Hormuz (Sepah News)
A warship of the "Revolutionary Guard" launches a missile during maneuvers in the Strait of Hormuz (Sepah News)

Some oil majors and top trading houses have suspended crude oil and fuel shipments via the Strait of Hormuz amid ongoing US and Israeli attacks on Iran and Tehran's retaliation, four trading sources said on Saturday.

"Our ships will stay put for several days," one top executive at a major trading desk said.


Cryptocurrencies Slip as US, Israel Attack Iran

FILE PHOTO: Representation of bitcoin cryptocurrency in this illustration created on September 10, 2025. REUTERS/Dado Ruvic/Illustration//File Photo
FILE PHOTO: Representation of bitcoin cryptocurrency in this illustration created on September 10, 2025. REUTERS/Dado Ruvic/Illustration//File Photo
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Cryptocurrencies Slip as US, Israel Attack Iran

FILE PHOTO: Representation of bitcoin cryptocurrency in this illustration created on September 10, 2025. REUTERS/Dado Ruvic/Illustration//File Photo
FILE PHOTO: Representation of bitcoin cryptocurrency in this illustration created on September 10, 2025. REUTERS/Dado Ruvic/Illustration//File Photo

Cryptocurrencies dipped in weekend trading after the US and Israel said they ⁠had attacked Iran⁠.

Bitcoin fell 2% to just below $64,000 and ether slid about ⁠3% ⁠to $1,862.

US President Donald Trump said the operation would end a security ⁠threat to the United States and offer Iranians a chance to topple their rulers.

The Pentagon said that US strikes against Iran were named "OPERATION EPIC FURY."

The US and Israel have said Iran must never be allowed to develop nuclear weapons.