Oil depot burns in Tehran, after Israeli strikes 🔥
Right now, Iranian missiles are heading toward Israel. Explosions are being reported in the north. Sirens are sounding across several cities. Israel is openly calling on the U.S. to join the war 😱
Iran launched missiles toward Haifa, where one may have hit an oil refinery.
📈 Oil markets already jumped more than 10% on the first round of strikes. That was before tonight's attacks.
The risk to the Strait of Hormuz is growing. Around 20% of global oil moves through that waterway. Any disruption there would hit supply and send prices higher fast 🛢
OPEC has limited spare production. If Iran’s exports slow or stop, there is no quick replacement.
🤔 Markets open soon. If this continues, oil at $100 is not a prediction. It’s a likely outcome.
