Iran's Attacks on Energy Infrastructure Drive Up Oil and Gas Prices
Amid the Middle East conflict, Iran has been targeting key energy infrastructure and threatening tankers in the Strait of Hormuz, leading to increased oil and gas prices and potential benefits for Russia.
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Iran’s attacks on energy infrastructure are driving up oil and gas prices. The chaos may end up benefiting Russia.
Amid the war in the Middle East, Iran has been targeting key energy infrastructure across the region. Tehran is also threatening energy exporters, warning that tankers entering the Strait of Hormuz — a narrow, near-irreplaceable artery for Middle Eastern supplies — will come under attack. The strategy of sowing disruption appears to be working: oil and gas prices have surged, major facilities have shut down temporarily after drone strikes, and the Strait of Hormuz has become a “dead zone” for...
Read full article →Russia Ready To Divert Oil To India As Iran War Disrupts Energy Flows: Report
Russia is ready to divert oil to India to offset Middle East supply disruptions, with about 9.5 million barrels of Russian crude in vessels near Indian waters and able to arrive within weeks, an industry source with direct knowledge told Reuters.
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