Oil prices rise
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Critical energy infrastructure in Israel and Iran has not escaped unscathed from the first few days of the countries' escalated conflict. Worst-case scenarios have yet to be realized, but the war is already having a notable impact on energy production and exports in both countries.
Oil prices are rising due to heightened tensions between Israel and Iran, warnings from President Trump, and reports of oil tanker fires, despite previous dips after initial reactions to missile exchanges.
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,
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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
Iran and Israel continued on Sunday their aerial attacks, which began Friday with a series of Israeli strikes on Iran.
Israel’s air campaign on Iran’s capital appeared to broaden on the fourth day of an intensifying conflict as U.S. President Donald Trump posted an ominous message warning residents of the city to evac