Attacks on Iranian oil and gas facilities have sparked concerns about a potential escalation of the conflict between the United States, Israel and Iran, and could send ripples through global energy markets.
Iranian semi-official news agencies Fars and Tasnim reported Wednesday, March 18, that several key facilities belonging to the country’s oil and gas industry, including refineries, were struck in a joint operation by the U.S. And Israel. Emergency services are reportedly working to contain resulting fires.
An American official denied to CNN that the U.S. Carried out the attack, stating instead that Israel was responsible.
“This escalation has already led Iran to threaten attacks on energy facilities throughout the region, contributing to a sharp increase in oil prices,” said Danny Citrinowicz, a senior researcher at the Iran and the Shia Axis Program at the Institute for National Security Studies in Tel Aviv, Israel.
Citrinowicz described the reported attacks as a “clear turning point,” adding that the move may signal a shift in thinking by U.S. President Donald Trump.
“This change is significant,” the expert said.
“President Trump had appeared reluctant to harm assets crucial to Iran’s future recovery. However, this move – despite its likely impact on global oil and gas prices – suggests a reassessment.”
