AXIOS (Ben Geman) - Iran attack on giant Saudi refinery pushes up oil prices
Data: Financial Modeling Prep ; Chart: Axios Visuals A Saudi oil refinery — one of the world's largest — suffered "limited" damage overnight from an Iranian attack, per the kingdom's press agency and multiple news reports. Why it matters: "The attack on Saudi Arabia's Ras Tanura refinery marks a significant escalation, with Gulf energy infrastructure now squarely in Iran's sights," Torbjorn Soltvedt, a top analyst with risk intelligence firm Verisk Maplecroft, said in a note. - The overall conflict will push up U.S. gasoline prices, though the amount and duration depends on how high oil prices climb and for how long. Driving the news: The refinery "sustained limited damage as a result of debris from the interception of two drones in…
Data: Financial Modeling Prep ; Chart: Axios Visuals A Saudi oil refinery — one of the world's largest — suffered "limited" damage overnight from an Iranian attack, per the kingdom's press agency and multiple news reports. Why it matters: "The attack on Saudi Arabia's Ras Tanura refinery marks a significant escalation, with Gulf energy infrastructure now squarely in Iran's sights," Torbjorn Soltvedt, a top analyst with risk intelligence firm Verisk Maplecroft, said in a note. - The overall conflict will push up U.S. gasoline prices, though the amount and duration depends on how high oil prices climb and for how long. Driving the news: The refinery "sustained limited damage as a result of debris from the interception of two drones in…Open