US EditionPublished • loading... • Updated
Oil prices jump following first attacks on Iranian production facilities
Airstrikes on Iran's largest offshore gas field disrupted energy supply, pushing oil prices above $108 per barrel amid ongoing US-Israel coordinated campaign against Iran's strategic assets.
- On Wednesday, U.S. and Israeli forces struck Iran's South Pars offshore gas field and the Asaluyeh processing complex, causing significant fires in the first reported attack on Iranian production facilities during the war.
- Israel and the U.S. previously avoided targeting Iran's upstream energy production over fears of global economic disruption, but the escalating conflict has now pushed them to strike critical infrastructure.
- Brent crude surged more than 6% to nearly $110 a barrel following the strike, while European natural gas prices jumped nearly 8%, reflecting immediate market fears of supply disruption.
- Iran's Revolutionary Guards retaliated by warning residents at energy facilities in Saudi Arabia, the United Arab Emirates, and Qatar to evacuate, declaring them "direct and legitimate targets" for strikes "in the coming hours."
- Foreign ministers from Arab and Muslim-majority countries are gathering in Riyadh on Wednesday to discuss the crisis as regional instability threatens to further tighten global energy supplies.
Insights by Ground AI
Podcasts & Opinions
288 Articles
288 Articles
Iran War LIVE: Iran Targets Gulf Energy Sites After Strike On Key Gas Field
US Israel Iran War News LIVE Updates: Iran has been striking its Persian Gulf neighbours' energy facilities since the war started on February 28, and has made the Strait of Hormuz shipping channel,...
·New Delhi, India
Read Full Article
First Israel attacks a gas field in Iran, then Iranian missiles hit gas facilities in Qatar. Oil prices rise. And: Oman's foreign minister demands negotiations. Live analysis.
·Germany
Read Full Article
Hastings Tribune+3 Reposted by 3 other sources
The Latest: US knew Israel would strike an Iranian gas field, AP source says
The United States was informed of Israel’s strike on Iran’s South Pars gas field but did not take part. That's according a person familiar with the matter who spoke on condition of anonymity because they were not authorized to comment…
·Nebraska, United States
Read Full Article
Coverage Details
Total News Sources288
Leaning Left50Leaning Right45Center94Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 26%
C 50%
R 24%
Factuality
To view factuality data please Upgrade to Premium
