Oil prices surged after the incident tied to which gas field?

• A. South Pars
• B. North Dome
• C. Ghawar
• D. Kish

Answer: (A)

Disruptions to a major energy field can ripple through oil markets because energy prices are tightly linked by supply risk and overall energy security. South Pars is the world’s largest natural gas field, located in the Persian Gulf and shared by Iran and Qatar. An incident there could tighten gas supplies, raise regional tensions, and elevate risk premiums across energy markets. When traders worry about keeping energy flowing, crude prices often rise as part of that broader risk assessment, so a surge in oil prices would be tied to trouble at such a critical gas hub. Ghawar is an oil field, so its issues would more directly affect oil itself rather than gas; Kish and North Dome, while significant gas fields, are less likely to be the cited trigger in this context, making South Pars the best match for the described surge.