Two days ago, benchmark crude oil futures fell by their largest one-day margin in more than two years after Israel launched limited retaliatory attacks on Iran but largely avoided energy facilities, thus easing fears of disruptions to global supplies. Israel mainly bombed air defense systems and missile production sites in three Iranian provinces, with analysts saying the lack of strikes on oil infrastructure or nuclear facilities leaves the door open for both sides to de-escalate the conflict. Meanwhile, Iran’s Supreme Leader Ayatollah Ali Khamenei…
Iran’s Energy Infrastructure More Vulnerable To Future Attacks
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