New Delhi, March 18 -- Crude oil prices, which had stabilised earlier in the day, have regained strength, with Brent crude futures rebounding 9.6% from the day's low to $110 per barrel following reports of an attack on Iran's South Pars gas field.

South Pars is the Iranian segment of the world's largest natural gas deposit, which Iran shares with Qatar across the Gulf. Gas tanks and parts of a refinery were hit, workers were evacuated to safe locations, and emergency crews were attempting to extinguish the fire, Reuters reported, citing Iran's Fars news agency.

The attack was widely reported in Israeli media to have been carried out by Israel with the consent of the United States. The Israeli military did not immediately respond to requ...