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Oil Climbs Relentlessly as Iran Strikes Five Gulf Nations in Single Weekend

by admin477351

Iran’s military demonstrated a capacity for coordinated, multi-country operations over the weekend that alarmed analysts and energy traders alike, launching simultaneous strikes against Saudi Arabia, the UAE, Qatar, Bahrain, and Kuwait in a single 48-hour period. The operations drove global oil prices relentlessly higher, pushing crude above $100 per barrel.

The strikes were Iran’s response to Israeli attacks on oil storage facilities near Tehran, which killed four workers and left the capital blanketed in thick, acrid smoke. Iran’s Revolutionary Guards warned Gulf states to exert pressure on Israel and the United States or face continued attacks — a warning that the weekend’s events suggested was entirely credible.

Saudi forces intercepted 15 drones, Bahrain’s desalination plant was damaged, and two Saudi civilians were killed in a residential strike. A seventh US service member died from wounds sustained in an Iranian attack, deepening American entanglement in a conflict that had already spread across six territories and drawn in, reportedly, Russian intelligence assets.

Iran’s clerical establishment simultaneously appointed Mojtaba Khamenei as supreme leader. His selection, through what the assembly described as a decisive vote, was condemned internationally as an embrace of dynastic rule and seen by analysts as likely to prolong rather than moderate Iran’s military campaign.

Washington pledged not to target Iranian energy infrastructure and expressed confidence that supply disruptions would be temporary. But Iran’s demonstrated ability to strike five countries simultaneously in a single weekend suggested a military reach and determination that was fundamentally reshaping the strategic calculus of the entire region.

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