Crude Prices Surge as Iran War Halts Middle East Crude Shipments

April WTI crude oil (CLJ26 ) on Friday closed up by +9.89 (+12.21%), and April RBOB gasoline (RBJ26 ) closed up +0.0757 (+2.83%). Crude oil and gasoline prices extended this week’s sharp rally on Friday, with crude soaring to a 2.5-year nearest-futures high and gasoline posting a 1.75-year high. The…

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Mideast’s water supply at risk as Bahrain and Iran say their desalination plants were attacked amid expanding war

Bahrain accused Iran of striking a desalination plant on Sunday, raising fears that civilian infrastructure may become fair game in the war, as Iran’s president vowed to expand the country’s attacks on American targets across the region in the face of intense U.S. and Israeli airstrikes. A late-night Israeli strike on an oil facility engulfed […]

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The Persian Gulf’s ‘saltwater kingdoms’ rely so much on desalination that damage to the infrastructure could force evacuations

As missiles and drones curtail energy production across the Persian Gulf, analysts warn that water, not oil, may be the resource most at risk in the energy-rich but arid region. On Sunday, Bahrain accused Iran of damaging one of its desalination plants. Earlier, Iran said a U.S. airstrike had damaged an Iranian plant. Hundreds of desalination plants […]

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