Iran-Israel Conflict Escalates, Oil Prices Soar

0:00On March 20, early Friday, Iranian drones struck Kuwait's Mina al-Amadi oil refinery, sparking a fire at the facility that processes 700. 30,000 barrels of oil daily. This came just a day after another hit damaged the site, as the Middle East war enters its third week. Meanwhile, sirens blare to cross Israel, warning of incoming threats, and explosions rock Tehan during Iran's Persian New Year celebrations after. Fresh Israeli Strikes Iran ramped up assaults on Gulf energy targets, following Israel's bombing of the massive South Park's gas field, which supplies most of Iran's power. Attacks also hit nearby during Eid al-Fitter prayers, caused a warehouse fire in Bahrain from Shrapnel, and targeted Saudi Arabia's oil rich East, with downed drones. Oil prices remained volatile, with Brent crude at about $107 a barrel Friday morning, up 47 percent, since the conflict. Began on February 28, the straight-of-hormouse chokehold raises fears of a global energy crunch,

1:05as a fifth of world oil flows through there. Casualties mount, with over 1,300 killed in Iran, more than 1,000 in Lebanon, were a million are displaced, 15 in. Israel plus four in the West Bank, and 13 US troops. Israeli Prime Minister Benjamin Netanyahu paused further South Park strikes at US President Donald Trump's request, after prices spiked. In the United Arab Emirates, authorities busted a Hezbollah-Iran terror network, arresting five men for money laundering schemes, threatening financial. Stability, as a cycle of retaliation, shows no quick end in sight.