Cryptopolitan 2025-06-15 04:59:30

Israel struck Iran’s South Pars gas facility, worsening Iran’s energy crisis

A new wave of conflict in the Middle East spilled into Iran’s energy sector over the weekend, as Israel launched an attack on a major gas facility connected to Iran’s largest natural gas field. On Saturday, an Israeli strike hit the Phase 14 processing plant of the South Pars gas field , causing a major explosion and fire, according to the semi-official Tasnim news agency. The blast forced the shutdown of a nearby production platform. South Pars, located in the Persian Gulf, is the world’s largest gas field and is shared between Iran and Qatar. Iran uses most of its gas domestically. The strike marked a serious shift in the conflict, which began Friday when Israel carried out a series of attacks on Iran’s nuclear program. By targeting energy infrastructure, Israel has now opened a new front in the crisis. The strikes will further cripple Iran’s economy and shake the markets The recent attacks come at a time when Iran is already struggling with severe power outages. Iran has already seen widespread blackouts in recent months, hitting businesses and households. The Iran Chamber of Commerce estimates the economic cost of these outages at around $250 million a day. Though the damage may mainly impact Iran’s internal energy supply, global markets are bracing for more volatility when trading resumes after the weekend. Oil markets had already reacted strongly before this latest attack. U.S. crude prices jumped by as much as 14% on Friday, finishing near $73 per barrel. Experts warn that further attacks could deepen the threat to oil production and shipments in the region. “This is pretty significant,” said Richard Bronze, head of geopolitics at Energy Aspects Ltd. He added, “We appear to be in an escalatory cycle,” and warned that Israeli forces may continue to strike Iranian energy sites. In a separate incident, a fire also broke out at the Fajr Jam gas plant, another key processing facility in Iran. This plant handles gas from South Pars as well as the Nar and Kangan fields. Tasnim described it as one of the largest facilities of its kind in the country. Goldman Sachs analysts have already raised their short-term oil price forecasts by $2 to $3 a barrel in response to the rising tensions. They noted the potential for oil prices to spike above $100 per barrel if the situation worsens, though their base forecast still expects prices to fall below $60 by the end of the year. “The potential of further escalation in the Middle East implies that the short-term risks to our price forecast are now skewed to the upside,” Goldman analysts, including Daan Struyven, wrote in a recent note. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot

La maggior parte ha letto le notizie

Bitcoin Breaks New Ground During Geopolitical...
2025-06-16
Bitcoin Faces 4% Dip Amid Israeli-Iran Tensio...
2025-06-16
Pundit Says 49,900% XRP Price Rally Will Happ...
2025-06-16
CME Bitcoin Futures Gap Highlights Potential...
2025-06-16
Altcoin Season Index Reveals Critical Bitcoin...
2025-06-16
Europe embraces Nvidia's AI independence mess...
2025-06-16
Block: Out Of Favor, Not Out Of Play
2025-06-16
Strategy: Don't Bet On A U.S. Dollar Crisis,...
2025-06-16

Notizie correlate

Consensys CEO Suggests Bitcoin Treasuries Could Se...
16 Jun 2025
Hong Kong Speeds Up Stablecoin Licensing To Boost...
16 Jun 2025
Warning to builders: L2s are leaking value, L1 app...
16 Jun 2025
Metaplanet Bitcoin: Japanese Firm Announces Massiv...
16 Jun 2025
Pi Network’s Latest Update Sparks Backlash
16 Jun 2025
Bitcoin Holds Steady Amid Middle East Tensions as...
16 Jun 2025

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta