U.S., Israel reported planning major strike on Iranian energy infrastructure
After-hours U.S. crude oil futures rose approximately 2.5% following a report by CBS News that the United States and Israel are reportedly preparing one of their largest bombing campaigns to date against Iran's energy infrastructure, with potential strikes expected over the weekend. The news comes amid heightened geopolitical tensions in the region, as both nations have been increasingly vocal about targeting Iranian assets perceived as threats. Energy infrastructure is a critical component of Iran’s economy and global oil markets could face disruptions if such an operation proceeds. While no official confirmation has yet emerged from either government, market participants are reacting to the potential for increased volatility in energy prices due to fears over supply chain impacts.
