Crude oil futures rose in overnight trading, with Brent nearly reaching $105 per barrel and WTI climbing as high as $98.42 per barrel, as Iran intensified drone strikes on energy infrastructure across the Gulf.

“Further ominous developments today. For the first time, Iran successfully targeted oil and gas production facilities, rather than refining, terminals, and storage,”

Blas listed the IRGC’s attacks on Gulf oil and gas facilities:

  • Oil and gas field in the UAE (Shah) hit
  • Oil field in Iraq (Majnoon) attacked
  • Plus Saudi Arabia saw large drone swarms

He explained that these attacks suggest “Iran has started a new phase of its oil war” against Gulf states aligned with the US.

https://www.zerohedge.com/energy/iran-starts-new-phase-oil-war-after-energy-production-hit