Breaking
"Israeli Air Force launches ninth airstrike on Tehran… Hormuz Strait and oil prices emerge as key variables"
Minseung Kang
Summary
- The Israel Defense Forces (IDF) said it had launched a ninth attack targeting Tehran.
- Amid the deteriorating situation in the Middle East, disruptions to exports through the Strait of Hormuz were reported to have pushed storage facilities at southern ports to critical levels.
- Iraq was reported to have cut crude production at the Rumaila oil field by 700,000 barrels per day.
The Israel Defense Forces (IDF) carried out additional airstrikes on Tehran.
According to a post Walter Bloomberg shared on X (formerly Twitter) on the 3rd, the IDF said its air force had launched a ninth attack targeting Tehran.
The worsening situation in the Middle East is also affecting energy markets. An Iraqi oil official told Reuters that disruptions to exports through the Strait of Hormuz have pushed storage facilities at southern ports to critical levels. Iraq was also reported to have cut crude output at the Rumaila oil field by 700,000 barrels per day (bpd).
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
