Iran Conflict Ensnares Energy as Israel Hits Giant Gas Field
The unfolding Middle East crisis extended to Iran’s energy infrastructure as Israel launched an attack on a huge gas field in the Persian Gulf, threatening additional turmoil for markets.
(Bloomberg)– The unfolding Middle East crisis extended to Iran’s energy infrastructure as Israel launched an attack on a huge gas field in the Persian Gulf, threatening further chaos for markets. Read: Israel Extends Iran Airstrikes as Nuclear Talks Called Off The attack increases the danger to oil facilities in Iran, OPEC’s third-biggest producer, and to shipments from elsewhere in the region. Iran exports some gas to Iraq and has likewise shipped to Turkey in the past, but the country has never ever been able to secure the financial investment required to complete melted natural gas terminals that would enable it to widely export the fuel.
The unfolding Middle East crisis extended to Iran’s energy facilities as Israel released an attack on a giant gas field in the Persian Gulf, threatening further turmoil for markets. (Bloomberg)– The unfolding Middle East crisis extended to Iran’s energy facilities as Israel launched an attack on a giant gas field in the Persian Gulf, threatening further chaos for markets. While the damage to the gas facility might be restricted to Iran’s domestic energy system, the escalation might nonetheless provoke further swings in oil futures when trading resumes after the weekend. Check out: Israel Extends Iran Airstrikes as Nuclear Talks Called Off The attack heightens the danger to oil infrastructure in Iran, OPEC’s third-biggest producer, and to shipments from elsewhere in the region. Iran exports some gas to Iraq and has also delivered to Turkey in the past, however the country has never ever been able to secure the investment required to complete liquefied natural gas terminals that would enable it to commonly export the fuel.
