Pakistan, March 19 -- Global oil prices surged on Thursday, with Brent crude climbing above $114 per barrel after Iran launched attacks on key Gulf energy infrastructure and warned of further escalation.

The price rally followed Iranian missile strikes on Qatar's Ras Laffan complex, the world's largest liquefied natural gas hub, raising serious concerns about global energy supply. QatarEnergy confirmed extensive damage to facilities, while European gas prices jumped more than 30% in response to the disruption.

The escalation comes after an earlier strike on Iran's South Pars gas field, a critical energy site that Iran shares with Qatar. Tehran warned it would continue targeting regional installations if attacks on its infrastructure per...