A series of Israeli attacks on Iran’s oil and gas facilities is threatening further turmoil for markets, as concerns grow of escalation in a region that holds half of the world’s oil reserves.
What was hit?
On Saturday, Israel hit two gas processing facilities on Iran’s south coast that process gas from South Pars, the world’s largest natural gasfield.
South Pars extends for nearly 4,000 sq miles underneath the Persian Gulf to Qatar, where it is called the North Field.
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