🚨 Bad news for markets

Iran has reportedly targeted the Bazan refinery in Haifa,localized damage, Israel’s largest oil processing facility.

With a capacity of ~197,000 barrels per day, the refinery supplied: • 65% of Israel’s diesel

• 59% of its gasoline

• 52% of its kerosene

This strike puts a major chunk of Israel’s fuel supply at risk, leaving only one backup refinery in Ashdod.

$XAU $XAG $BTC