Trump Assures Israeli Restraint But Threatens to Blow Up South Pars in Iran Unless Oil Facilities Spared From Attacks

Trump Assures Israeli Restraint But Threatens to Blow Up South Pars in Iran Unless Oil Facilities Spared From Attacks

Israel strikes South Pars, Iran hits Qatar LNG facility. Oil prices rise above $111 as Hormuz remains closed. Global leaders urge halt to attacks on energy infrastructure. Saudi Arabia warns of potential military action against Iran. The US-Iran war entered its most dangerous energy escalation yet on Wednesday and Thursday as Israel struck the South…

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Hormuz Crisis Exposes Global Oil Risks

Hormuz Crisis Exposes Global Oil Risks

Strait of Hormuz handles about 20 million barrels of oil daily. Asian economies receive over 80% of oil passing through strait. China holds about 1.2 billion barrels in strategic reserves. Global oil demand remains above 100 million barrels per day. The most recent outbreak of the conflict in the Gulf region has shown once again…

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Iran Threatens Energy Sites After Kharg Strike

Iran Threatens Energy Sites After Kharg Strike

Iran warns attacks on its energy sites will trigger strikes. U.S. forces bomb Kharg Island, Iran’s main crude export hub. Iran says Strait of Hormuz open except for U.S., Israeli ships. Debris from intercepted drone sparks fire at UAE Fujairah port. Iran issued its sharpest economic threat yet on Saturday, warning that any attack on…

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