Latest news with #energyfacilities
Wall Street Journal
13 hours ago
- Business
- Wall Street Journal
Oil Prices Keep Rising After Israel and Iran Hit Energy Infrastructure
Oil prices continued climbing Sunday after Israel and Iran traded blows against their respective energy facilities , threatening to expand the impact of the conflict into financial markets and the global economy. Benchmark U.S. crude futures recently rose by more than 3%, to nearly $76 a barrel, following an even sharper increase in price on Friday. While Israeli strikes have yet to stall Iranian oil exports, analysts fear a worst-case scenario in which Tehran disrupts shipments through the Strait of Hormuz.
Wall Street Journal
16 hours ago
- Business
- Wall Street Journal
Israel's Fight With Iran Spreads to the Energy Sector
Israel and Iran struck at each other's energy facilities over the weekend, a significant escalation that brings the conflict closer to an industry vital to the global economy and markets. The attacks so far have been limited, but oil prices have risen on the risk of greater damage, and the fighting has affected tanker traffic and supply flows.
