Implications from Israel’s strikes on Iranian energy sites

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A series of Israeli attacks on Iranian oil and gas facilities threaten more turmoil in markets, as fears of escalation grow in an area bearing half of the world’s oil reserves.

What was hit?

on saturday, Israel Two gas processing facilities on the southern Iranian coast, which treats gas from southern Pars, hit the largest natural gas field in the world.

South Pars extends nearly 4000 square miles under the Persian Gulf to Qatar, where it is called the northern field.

One of the field platforms abroad stopped production production after the attack, but it was reported that they were not affected. Gas installations take from the field and treat it to methane for home use, as well as LNG (LPG) and ethane, which are materials for petrochemical plants.

Israel also attacked the warehouse of gasoline fuel, in a middle -class neighborhood in northern Tehran, and storage tanks in the month of irrigation in the south of the city.

Shanna News Agency reported that the situation in South Pars Field and in the oil warehouses in Tehran was “completely under control.” He added that the fuel level in Tehran’s facilities is “low” at the time of the attack.

It quoted a spokesman for the Tehran Fire Department, saying that the fires seen in Sharan were not caused by the explosion of gasoline, but another derivative of his name.

Officials at the Tuzwyan Petrochemical Factory and the Tabriz oil refinery denied that they were attacked.

What is the effect?

The attacks indicate that Israel is trying to weaken and disrupt IranGas and local fuel supply chains cause a shortage, instead of following up the country’s oil and gas production or exports, which will shake the markets.

The largest refinery in the country is located in Abadan, near the border with Iraq at the escape of the Persian Gulf, which can treat 500,000 barrels of crude oil per day.

What are the effects of energy markets?

Although there has been no influence yet on Iranian oil exports, it is possible that the escalation of the conflict on energy infrastructure from investors. Anxiety is that Iran may be divided either by hitting energy targets in other Gulf countries, such as Saudi Arabia and the United Arab Emirates, or by impeding the flow of oil and gas through Hermoz StraitThe narrow waterway that separates Iran from the Gulf states, where a third of the saved oil passes in the world.

The oil market was closed during the weekend and reopened on Monday morning in Asia.

How can Iranians take revenge?

Energy infrastructure in Israel is weak. On Sunday, Bazan, the operator of one of the largest oil refineries in Israel in Haifa, said that pipelines and transportation lines to the complex in the northern city of Port were damaged by Iranian missile attacks.

She said that the refinery continues to work, but some “river course facilities in the complex” were closed. He said there were no injuries or losses. Bazan’s share price fell by 1.3 percent in morning trading on Sunday.

Israel also closed Karish and Leviathan Gasfields as a precautionary measure, although other Gasfields is still running. The country’s electricity network is not connected to its neighbors, and Israel relies on natural gas for about 70 percent of power generation.

Meanwhile, Iran has repeatedly threatened Iran to close the Strait of Hormuz. Most analysts believe that this is very unlikely, because it will get all the countries in the road and China -based, the largest agent in Iran because of oil.

Until now, there have been little signs of turmoil, but Iran can start targeting specific ships that pass through the strait. In April 2024, the Iranian commando resigned and seized the North Party, a container ship claimed to be linked to Israel.