Oil prices jump after Israel strikes energy facilities in Iran

Futures of crude oil jumped more than 3 % on Sunday after Israel hit two natural gas facilities in Iran, which raised fears that the war will expand to energy infrastructure and disrupt supplies in the region.

Raw USA Oil rose $ 2.72, or 3.7 %, to $ 75.67 a barrel. The global standard Brent 3.67 dollars, or 4.94 %, rose at $ 77.90 a barrel.

The uninhabited Israeli air vehicles hit the southern Pars Gas Stadium in southern Iran on Saturday, according to the Iranians Government media Reports. The strikes hit two of the natural gas processing facilities, according to L. Government media.

It is not clear how much damage caused to the facilities. South Pars is one of the largest fields of natural gas in the world. Sources said that Israel struck a major oil warehouse near Tehran. Jerusalem job.

Meanwhile, Iranian missiles hurt a major oil refinery in Haifa Israel times.

Oil prices Close more than 7 % Friday, after Israel launched a wave of air strikes against Iranian nuclear and ballistic missile programs as well as its supreme military leadership.

It was the biggest one -day step for the oil market since March 2022 after Russia has launched its large scale for Ukraine. US crude oil jumped 13 % in the total last week.

The war entered its third day with a small mark that Israel or Iran would decline, as they exchanged missile fire heat throughout the weekend.

Iran is studying the closure of the Strait of Hormuz, a Captain He said on Saturday. About one -fifth of oil in the world is transported through the strait on its way to the global markets, according to Coldman Sachs. The closure of the strait can push oil prices to the top of $ 100 a barrel, according to Goldman.

However, some analysts are skeptical in Iran have the ability to close the strait.

“I have heard assessments that it will be very difficult for the Iranians to close the Strait of Hermoz, given the presence of the fifth fleet in Bahrain,” Hillima Koftt, the global head of the commodity strategy at RBC Capital Markets, told CNBC’s Skawk on Friday.

“But they can target the tankers there, they can extract the strait,” Croft said.