
Middle East Tensions Spike: Oil Rises 3% After Iran Attacks Energy Hubs
Global oil prices rose sharply, climbing up to 3%, following reports of Iranian missile attacks on critical energy facilities across the Middle East. These strikes, viewed as retaliation for previous attacks on Iran's South Pars gas field, have severely disrupted operations in neighboring countries. Qatar reported extensive damage at its Ras Laffan LNG hub, while the UAE and Saudi Arabia confirmed operational shutdowns and the interception of multiple missiles near Riyadh. The escalating conflict has intensified regional tensions, raising concerns about the stability of the Strait of Hormuz. Market analysts anticipate that geopolitical risks and the potential for further military intervention, including possible U.S. troop deployment, will continue to support high oil prices.






















