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Iran says US, Israel struck giant gas field as war escalates
Iran said the US and Israel struck its giant South Pars gas field in the Persian Gulf, the latest attack on energy assets in the region-wide conflict. Oil prices jumped after Iranian state TV reported the airstrike, which raised fears of further risks to global crude and gas supplies. Gulf producers have significantly reduced output during the 19-day war, particularly due to the effective shuttering of the Strait of Hormuz. If confirmed, the assault would mark the first time the US and Israel have targeted Iran’s upstream oil and gas facilities since starting the war on Feb. 28. The Islamic Republic has responded ... (full story)
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A senior Israeli official: The Israeli Air Force struck the largest natural gas processing facility in Iran, located in the southwest of the country. The strike was carried out in coordination with and with the approval of the U.S.
PART OF IRAN'S SOUTH PARS PETROCHEMICAL FACILITIES HAVE BEEN ATTACKED - TASNIM IRAN SAYS ASALUYEH OIL INDUSTRY FACILITIES ATTACKED: STATE TV APNewsAlert: DUBAI, United Arab Emirates (AP) Iranian state media say natural gas facilities associated with offshore South Pars field attacked, without elaborating. IRANS ENERGY HEART JUST GOT HIT An attack struck South Pars the site behind ~70% of Irans natural gas. Damage is still unclear, but this area has shut down before after strikes. What changed: This comes as tensions rise, with recent strikes in Iran and Lebanon and
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Irans state-run media report an attack on facilities at its key South Pars offshore gas field - Iranian state-run media say that facilities associated with Irans massive offshore South Pars natural gas field came under attack Wednesday. Both Iranian state television and the state-run IRNA news agency reported on the attack targeting facilities at Asaluyeh in Irans southern Bushehr province. It did not immediately elaborate. Iran shares the offshore field in the Persian Gulf with Qatar, which it has repeatedly attacked during the war along with other Gulf Arab nations. It wasnt clear if Israel or the United States had carried out the attack. However, the U.S. has been operating primarily in southern Iran. The U.S. previously attacked Irans Kharg Island in the Persian Gulf, its main oil terminal.
The Iran war has scrambled the Federal Reserves outlook on inflation and unemployment and will likely further delay interest rate cuts this year, putting off any relief for consumers struggling with high borrowing costs for home and car purchases. The spike in oil and gas prices presents already-divided Fed officials with a worst-case scenario as they ...