Here are facts on Iran's energy industry, exports, and the impact of Western sanctions
President Donald Trump targets Iran's Kharg Island oil hub, which handles 90% of Iranian crude exports to China and India, raising fears of broader Persian Gulf supply disruptions.
The Iranian government threatened to strike oil and gas facilities in Qatar, Saudi Arabia and the United Arab Emirates (UAE) on Wednesday, in response to an attack on its South Pars natural gas field. Iranian state media warned the country would target Saudi Arabia’s Samref Refiney and its Jubail Petrochemical Complex, as well as the…
The administration laid off people responsible for modeling scenarios like the Strait of Hormuz closure, reporting says.
Month-ahead UK wholesale gas price hits highest level since August 2022 as Donald Trump threatens retaliationMiddle East crisis – live updatesBusiness live – latest updatesGas prices jumped and oil prices rose again after an escalation of attacks by Israel and Iran on gasfields heightened fears of prolonged disruption to international energy supplies.Brent…
The war in Iran has led to a worldwide energy crisis, with oil experts from the Persian Gulf being blocked by Iran’s closure of the Strait of Hormuz. Despite this being a cornerstone of Iranian defense for decades, the Trump administration seems to have been caught off-guard, and a major reason is that the State Department no longer has any oil and gas…
Oil and European natural gas prices surged as Iran pledged to retaliate in response to attacks on the country’s upstream energy assets.
Israel launched airstrikes against the world’s largest natural gas field in Iran, signalling an escalation of its targeting of energy infrastructure. Videos shared on social media showed the South Pars natural gas field in southern Iran engulfed in flames. Iranian state media confirmed the strike, saying firefighters were working to extinguish the flames.…
