Iran hits Gulf energy sites, escalating war, as U.S. mulls sanctions rollback

As attacks rattled markets, Treasury Secretary Scott Bessent said the Trump administration might lift restrictions on Iranian oil already loaded onto vessels.

The Washington Post

The price of Brent crude, the global #oil benchmark, climbed past $115 per barrel Thursday morning, as Gulf states reported more attacks on critical #infrastructure. The price of European natural #gas futures also rose.

“I hope everybody returns to reason,” French President Emmanuel #Macron told reporters in Brussels, noting the infrastructure attacks’ potential long-term impact on global #markets & calling for a moratorium on such strikes, as well as those on #civilians.

#war #US #Iran #Trump

#Qatar’s state #energy company said several liquefied natural #gas facilities were hit by missile attacks Thurs, causing fires & extensive damage, in addition to attacks on Ras Laffan Industrial City, a #LNG exports hub, Wednesday.
#Kuwait’s Ntl #Petroleum Co reported 2 refineries were targeted by drones, causing fires. #SaudiArabia’s Ministry of Defense said it was assessing damage after a drone strike at the Samref refinery & had intercepted a ballistic missile launched at the port of Yanbu….

In a joint statement Thursday, representatives from 12 countries in the region, including #Qatar, #Turkey, #Jordan & #Lebanon, denounced what they called #Iran’s “deliberate attacks” targeting #civilian areas as well as #oil facilities, airports, diplomatic buildings ‘ residences.​

#TrumpsWar #war #Trump #WarCrimes #RulesOfWar #law #Congress #WarPowers #geopolitics #MiddleEast #economy #inflation #affordability #CostOfLiving #EnergyCrisis

In a lengthy post on Truth Social late Wednesday, #Trump appeared to distance the #US from an Israeli attack on the #SouthPars #gas field — #the world’s largest — earlier in the day, saying #Israel carried out the attack “out of anger for what has taken place in the Middle East.”​

#TrumpsWar #Iran #war #RulesOfWar #law #Congress #WarPowers #geopolitics #MiddleEast #economy #inflation #affordability #CostOfLiving #energy #EnergyCrisis

“The United States knew nothing about this particular attack, & the country of Qatar was in no way, shape, or form, involved with it, nor did it have any idea that it was going to happen,” #Trump said, adding that #Iran “unfairly” attacked a #Qatar #gas facility in retaliation.

#TrumpsWar #war #RulesOfWar #law #Congress #WarPowers #geopolitics #MiddleEast #economy #inflation #affordability #CostOfLiving #EnergyCrisis

“NO MORE ATTACKS WILL BE MADE BY ISRAEL” on the #SouthPars field unless #Iran attacked #Qatar, #Trump said, in which case the #US would “massively blow up the entirety” of the #gas field with “amount of strength and power that Iran has never seen or witnessed before.” 🤦🏼‍♀️

#TrumpsWar #Iran #war #RulesOfWar #law #Congress #WarPowers #geopolitics #MiddleEast #economy #inflation #affordability #CostOfLiving #energy #EnergyCrisis

@Nonilex Trump didn't want to invest in green energy or green transportation. If the prices of oil keep going up the transition will be inevitable. So notwithstanding his intentions. In the end he might help to start the green evolution
@Nonilex Weird that he can't threaten Israel directly isn't it