The ongoing war and tension in West Asia has had a deep impact on the energy market and the global economy. On Thursday, Iran stepped up missile attacks on oil and natural gas facilities in the Gulf region. These attacks were carried out in response to Israel’s attack on the southern gas field South Pars. These attacks have caused fuel prices to rise and put Arab countries in the region at risk of direct involvement in the conflict. Energy installations of Qatar, Saudi Arabia and UAE have also been damaged due to Iran’s actions.
Not only this, Qatar’s Ras Laffan LNG plant has suffered heavy damage, which may affect gas supplies to Europe and Asia. Similarly, the SAMREF refinery in Saudi Arabia’s Yanbu Port and Kuwait’s oil refineries were also targeted. In such a situation, now a big statement of Israeli Prime Minister Benjamin Netanyahu has come out. Let us know what he said?
What did the Israeli PM say?
Following the increasing energy crisis and US President Donald Trump’s statement after the attacks, the Israeli PM clarified his stance regarding the attack on the South Pars gas field. He said that on the advice of US President Donald Trump, there will be no further attacks on the South Pars gas field. Not only this, Netanyahu also claimed in his statement to have caused huge damage to Iran’s missile and drone capability. He said that after 20 days of air strikes by America and Israel, Iran no longer has the ability to enrich uranium or make ballistic missiles.
Now Iran cannot make nuclear weapons. He claimed that Iran’s missile and drone stockpile is suffering huge losses and will soon be completely destroyed. Along with this, Netanyahu said that we are winning and Iran is being badly damaged. We are now destroying the factories that produce components for these missiles and nuclear weapons. However, Netanyahu did not present any kind of evidence regarding these statements and claims.
Donald Trump gave advice
Let us tell you that Netanyahu’s statement came at a time when Donald Trump was asked in a press conference earlier whether he had talked to Israeli Prime Minister Benjamin Netanyahu about attacking oil and gas fields, then Trump said that he had advised not to do so. He said that there is coordination between the two countries. But Israel sometimes takes its own decisions and if they don’t like something they stop it.
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Brent crude price reached $119 per barrel
Due to this war, the price of Brent crude has crossed $ 119 per barrel, while the price of European natural gas has also almost doubled. In addition, Iran has also intensified naval and drone attacks in the Gulf. Iran’s attack forced millions of people into shelters in Israel. U.S. forces conducted airstrikes deep inside Iranian territory, striking drones and boats and dropping 5,000-pound bombs on underground weapons stores.
It is noteworthy that this conflict has put the global energy supply in crisis, because about one fifth of the world’s oil passes through the Strait of Hormuz, an important waterway of the Gulf. Due to the increasing cost of war, the US Pentagon has asked for additional funds of $ 200 billion from the White House. Iran, on the other hand, says it carried out the attack in response to Israel’s attack on the South Pars gas field, which is the world’s largest gas field and is shared with Qatar. An attack on the region also poses a threat to Iran’s electricity supply, as about 80% of the country’s electricity is generated from natural gas.