Israel has struck some of Iran’s most vital oil and gas facilities, the first such attacks despite decades of rivalry between the Middle Eastern nations, raising fears of a widening conflict and threatening turmoil for the markets.Late on Saturday, Iran’s Ministry of Petroleum said Israel struck a key fuel depot, while another oil refinery in the capital city of Tehran was also in flames, as emergency crews scrambled to douse the fires at separate sites.
Iran has also partially suspended production at the world’s biggest gasfield, the South Pars, which it shares with neighbour Qatar, after an Israeli strike caused a fire there on Saturday.
The latest round of exchange of projectiles began on Friday after Israel launched attacks on Iran’s military and nuclear sites and assassinated several top military officials and nuclear scientists. Tehran retaliated by firing ballistic missiles and drones at multiple cities in Israel amid global calls for de-escalation.
According to Iranian state media, Israeli attacks have killed at least 80 people, including 20 children, and wounded 800 others over the past two days. Israeli authorities said that 10 people had been killed in Iranian strikes, with over 180 injured. Advertisement
Israel’s unprecedented and sudden attacks on Iran’s energy facilities are poised to disrupt the oil supplies from the Middle East, and could shake up global fuel prices, e …
