IRGC Official says if their energy infrastructures are attacked, they will burn the regions oil and gas infrastructure, via State Media
Newsquawk Staff ·
IRGC Official says if their energy infrastructures are attacked, they will burn the regions oil and gas infrastructure, via State Media.
What it means
The statement from the IRGC official is a clear escalation in threats regarding Iran's energy infrastructure, suggesting potential retaliation against any attacks on their facilities. This rhetoric introduces heightened geopolitical risk in the region, which could impact oil and gas prices significantly, especially for WTI. Traders should monitor this as it could drive volatility in energy markets and influence broader commodity strategies.
- US Weekly Private Energy Inventory Data (bbls): Crude -2.0mln (exp. +0.5mln), Gasoline +2.4mln (exp. -1.3mln), Distillate +0.4mln (exp. -0.9mln), Cushing -0.5mln
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil
- Iran's Supreme Leader calls for proposals outlining acceptable conditions to end the war
Related headlines
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects7 hours ago
- Russian President Putin says Russia should avoid going too far with the green agenda and must consider ending the ongoing conflict and lifting sanctions10 hours ago
- Senior Ukrainian official says the ceasefire in Oleshky will last until November 1st10 hours ago
- OPEC+ is reportedly expected to maintain December oil production targets at Sunday's meeting, sources say12 hours ago
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade5 hours ago
- [MARKET ANALYSIS] Crude benchmarks off highs after the Ras Tanura-related upside; Saudi alerts continue, OPEC+ seen holding December output12 hours ago
- US EQUITY OPEN: Indices in the green as Tech sector outperforms as earnings continue8 hours ago
- Tanzania announces discovery of 23bcf of estimated natural gas reserves in Mnazi bay10 hours ago
- Israel exit poll shows Israeli PM Netanyahu's coalition wins 50 seats, opposition wins 52 seats and Arab-led parties win 18 seats32 min ago
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports2 hours ago
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election2 hours ago
- US and Russia are discussing potential postwar business deals, including JV for US oil majors off Sakhalin and resumed sales via the Druzhba pipeline, as part of wider talks to end the war in Ukraine, reports FT citing sources2 hours ago
- US Energy Secretary Wright says Iran war has come at a cost3 hours ago
- PREVIEW: BoC Rate Decision and Governor Statement due Wednesday 28th October, 2026 at 13:45GMT/09:45EDT5 hours ago
- PREVIEW: Federal Reserve Rate Decision due Wednesday, October 28th at 18:00GMT/14:00EDT5 hours ago