WTI USOIL WEEKLY CHARTKey Offshore Oil and Gas Installations at Risk of Iranian Attack
Based on recent escalations and Iran's retaliatory capabilities, the following offshore installations are most vulnerable:
Strait of Hormuz Infrastructure
Why at risk: A critical global chokepoint handling 21 million barrels of oil daily. Iran has repeatedly threatened closure if provoked.
Potential targets: Tanker routes, underwater pipelines, and monitoring stations.
Qatar’s North Field Gas Facilities
Why at risk: Directly adjacent to Iran’s South Pars field (recently attacked by Israel). Shared reservoirs mean disruptions could cascade.
Vulnerability: Iran could target Qatari platforms to amplify global gas shortages.
Saudi/UAE Offshore Fields
Key sites:
Saudi Arabia’s Safaniya (world’s largest offshore oil field).
UAE’s Upper Zakum oil field.
Why at risk: Iran views Gulf states as Israeli allies; striking them would disrupt U.S.-aligned economies.
Israeli Mediterranean Gas Rigs
Leviathan and Tamar fields:
Provide 90% of Israel’s electricity.
Already targeted by Iranian proxies (e.g., Hezbollah rockets in 2023).
Bahrain/Kuwait Offshore Facilities
Strategic value: Proximity to Iran enables rapid drone/missile strikes. Past attacks (e.g., 2019 Aramco) demonstrate capability.
Why These Targets?
Retaliatory logic: Iran’s energy infrastructure (e.g., South Pars) was damaged by Israeli strikes. Targeting adversaries’ assets aligns with its "escalate to deter" strategy.
Global leverage: Disrupting Hormuz or major fields could spike oil prices 30–50%, pressuring Western governments.
Technical feasibility: Iran’s naval drones, cruise missiles, and mines can penetrate offshore defenses.
Immediate Threats
Target Risk Level Potential Impact
Strait of Hormuz Critical Global oil prices surge; 20% of LNG shipments halted
Qatar’s North Field High 10% of global LNG supply disrupted; Europe/Asia energy crisis
Israeli Gas Rigs High Israel’s energy security crippled; regional conflict escalation
Conclusion
Iran’s most likely retaliation targets are offshore installations in the Strait of Hormuz, Qatar, and Israeli Mediterranean fields, leveraging proximity and asymmetric tactics. Such attacks would aim to inflict maximum economic damage while avoiding direct confrontation with the U.S. or NATO. Global energy markets face severe disruption if hostilities escalate further.
A successful breakout above this descending trendline and resistance zone (near $74–$75) would confirm a bullish reversal, potentially opening the way for further upside toward $80 and $100 as next target.
US crude inventories have declined recently, reducing oversupply fears and supporting prices.
Global oil demand is forecast to grow by 720,000 barrels per day in 2025, while supply increases are more modest.
OPEC+ decisions to maintain production cuts or limit increases have also contributed to price support.
Summary
Oil prices are testing and potentially breaking out of a long-term descending trendline formed since mid-2022.
breakout will be long buy hope that we see 80$ per barrel.
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