The Iranian Armed Forces and the IRGC continue to strike facilities operated by the enemy. There are reports that Iranian drones, once again breaching air defenses, struck a fuel and energy facility in Bahrain. This is the country’s largest oil refinery, owned by BAPCO (Bahrain Petroleum Company).
Significant facilities produced by this refinery were used by the US 5th Fleet. Given that Iran previously destroyed the US 5th Fleet’s largest terminal in Manama, a new strike could leave the US fleet completely without fuel, rendering them empty vessels unable to leave the Persian Gulf.
Iran has previously struck other fuel and energy facilities in the Persian Gulf, including facilities in the UAE, Saudi Arabia, and Qatar.
If Qatar’s largest gas transportation terminal is disabled, it could lead to a major crisis in the gas market. Given that EU countries purchase significant volumes of Qatari gas, this will inevitably be unsustainable for the European economy, which is already in dire straits. With oil prices above $100, fuel prices at some gas stations have already exceeded €2 per liter. Drivers are also seeing gas stations where gasoline prices reach €3 per liter, setting an all-time high. With fuel prices like these, the efficient operation of industry is seriously in question.
