Israeli airstrikes targeted oil storage facilities and a refinery in and around Tehran on the night of 8 March, killing four people and triggering large fires that sent thick black smoke across parts of the Iranian capital. Iranian authorities advised residents to remain indoors following the strikes. (www.ndtv.com)
The Israeli military said the strikes were aimed at fuel depots that it stated were used by Iran to supply fuel for missile-launch operations. According to officials cited in reports, the scope of the attacks exceeded expectations in Washington. A senior United States official said, “We don’t think it was a good idea,” while another Israeli official said the message conveyed from Washington was “WTF.” The White House and the Israel Defense Forces did not issue official comments on the matter. (timesofindia.indiatimes.com)
An adviser to the administration of United States President Donald Trump said the president did not approve of the attack. The adviser said the president’s position was that oil resources should be preserved rather than destroyed, noting that damage to oil infrastructure could lead to higher global fuel prices.
Iran’s military spokesperson warned that Tehran could respond if strikes targeting energy and oil infrastructure continue. The spokesperson said Iran had not so far targeted energy infrastructure but could reconsider that approach if such attacks persist, adding that oil prices could rise to as much as 200 dollars per barrel if the conflict escalates further. (The Times of India)
Global oil markets reacted to the escalation. Brent crude rose from 92.69 dollars per barrel on Friday to 107.97 dollars per barrel on Monday. West Texas Intermediate crude also increased, reaching 106.22 dollars per barrel. The price movements came amid ongoing disruption in the Middle East and existing pressure linked to tensions around the Strait of Hormuz and the broader regional conflict. (pratidintime.com)
The conflict between Israel and Iran has entered its tenth day, with both sides continuing missile and drone strikes. Israeli attacks have targeted Iranian oil depots and refineries, while Iranian forces have launched strikes in multiple cities. The ongoing hostilities have affected security conditions and economic stability across the Middle East.
