🚨 Two major incidents just happened.
1) US-Israeli air strikes today hit energy facilities in Iran, including a gas pipeline near Khorramshahr's power plant, escalating the conflict hours after President Trump's five-day pause announcement.
These attacks on critical energy infrastructure could result in retaliation from Iran.
2) A massive fire was reported at an oil refinery in Port Arthur, Texas after an explosion.
We have seen this pattern before. Even minor refinery incidents here can disrupt production or trigger flaring.
It is still too early to confirm the exact cause, but markets reacted instantly.
Impact on the markets:
OIL jumped 2%+ and reached $91.90.
Gold also dropped -3% after the news and slipped below $4320.
Silver fell -5% in the last 2 hours.
US futures have now turned negative#TrumpConsidersEndingIranConflict