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Iran Strikes Israeli Oil Infrastructure in Haifa, Escalating Energy Conflict

Taarek Refaat Israeli energy firm Oil Refineries Ltd. (ORL) reported that its oil pipelines and transport infrastructure in Haifa sustained damage from Iranian missile strikes, marking a direct escalation targeting the country's critical energy assets. In a formal disclosure to the Tel Aviv Stock Exchange, the company stated that no casualties were reported, and that core refining operations remain active, despite the temporary shutdown of several processing units. "We have initiated a comprehensive technical damage assessment to evaluate the impact on operations and analyze the potential financial implications for our upcoming quarterly results," ORL said in its statement. Strategic Energy Targets in Crosshairs The incident follows an aggressive response by Israel, which reportedly struck a major gas facility in the Persian Gulf, deepening the direct confrontation between the two regional powers. Analysts note that this shift toward energy infrastructure reflects a deliberate strategy to cripple domestic supply chains, rather than directly targeting oil or gas exports. This move, experts warn, could destabilize global energy markets if similar strikes continue or expand into export terminals and international shipping routes. Broader Economic Fallout The military escalation is already producing ripple effects: Global energy prices have begun climbing amid fears of further supply disruption. In Iran, the national currency continues to plunge, exacerbating the country's ongoing economic woes. The Israeli energy sector faces rising operational risks and potential production bottlenecks. This latest round of hostilities may mark a new phase in the conflict — one that not only reshapes the regional security map, but also tests the resilience of global energy supply networks and financial markets. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News 3 Killed in Shooting Attack in Thailand