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Global Energy Crisis Deepens as U.S. Strikes Iranian Gas Facilities Amid Failed Strike Pause

Energy markets reel from strikes on gas infrastructure as Pakistan facilitates back-channel negotiations.

March 25, 2026 at 5:30 AM

The conflict between the United States and Iran has escalated into a global energy crisis following U.S. strikes on gas facilities near a key nuclear town close to Tehran. Despite earlier indications of a pause in strikes on power infrastructure by the Trump administration, the recent attacks on gas pipelines have been characterized by some analysts as a strategic feint. In response to the strikes and continued disruption of the Strait of Hormuz, global oil and gas prices have surged, prompting Russian President Vladimir Putin to announce a closer strategic alignment with Iran, further heightening fears of a worldwide recession. On the diplomatic front, regional dynamics are shifting rapidly. Lebanon has taken the extraordinary step of expelling Iranian diplomats and recalling its ambassador from Tehran. Simultaneously, Pakistan has emerged as a central hub for mediation. Foreign ministers from Egypt, Turkey, Saudi Arabia, and Pakistan met in Riyadh to facilitate messages between Washington and Tehran. High-level intermediaries, including Jared Kushner and Steve Witkoff, are reportedly involved in these efforts, which seek to bridge the gap with Iranian Parliament Speaker Mohammad Qalibaf. While public signals remain mixed, an Iranian official confirmed to CBS News that Tehran has received peace messages from the U.S. through intermediaries. Iranian President Masoud Pezeshkian has reportedly proposed six strategic conditions for a ceasefire, which include the closure of U.S. bases in the region. Amid these developments, Pakistani authorities remain on high alert for potential spillover risks, ordering field officials to remain active for the coming week as negotiations continue.

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