Oil ‘In the Crosshairs' as Mideast Crisis Escalates, RBC Warns
Oil supplies from the Middle East face increasing risk as the conflict between Israel and Iran drags on, according to RBC Capital Markets LLC, which warned that energy is now 'clearly in the crosshairs.'
'The fact that both sides targeted energy infrastructure on the second day of fighting represents a clear cause for concern,' analysts including Helima Croft said in a note, citing attacks that included gas facilities. Among possible scenarios, Israel may opt to strike Tehran's Kharg Island hub to curb crude flows, while Iranian proxies may hit facilities in Iraq, they said.
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