Here’s a Map of Iran’s Most Critical Oil and Gas Infrastructure
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Israel’s vow to retaliate against Iran for a massive missile attack on the country is bringing a focus on oil supplies from the Persian Gulf, and keeping markets on edge.
Crude prices in London have increased about 4.5% in the past three days. Until now, the market has been largely unaffected by escalating tensions in the region as shipments of physical oil barrels haven’t been interrupted. Any disruption to supplies from the region would drive oil much higher, a major risk for the US with elections just about a month away.