Oil prices rise
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Israel has targeted Iranian energy infrastructure, including the world’s largest gas field, South Pars, which Iran shares with Qatar. CNN’s Becky Anderson speaks with analyst Firas Maksad about how this escalation poses a significant threat to global energy security.
Calm returned to Wall Street, and U.S. stocks rallied, while oil prices gave back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week.
Israeli energy company Bazan said its Haifa oil refinery suffered pipeline and transmission line damage during Iran’s overnight missile barrage. Refining core facilities continue to operate at the site,
Stock futures were higher on Sunday as investors weighed the impact of the escalating Israel-Iran conflict that shows no signs of any potential off-ramps ahead. Oil prices rallied after Israel attacked key areas of Iran’s energy infrastructure over the weekend,
Israel unleashed airstrikes across Iran for a third day on Sunday and threatened even greater force as some Iranian missiles evaded Israeli air defenses to strike buildings in the heart of the
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Latest Iranian missiles kill at least eight people and hit the key Haifa oil refinery as Israel targets command centers of Iran’s Revolutionary Guard.