The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On April 7, Saudi air defenses intercepted 7 missiles targeting the kingdom, raising supply concerns. Critical energy facilities were damaged, leading to a reduction in the kingdom's oil production capacity by about 600,000 barrels per day. On April 14, the SATORP refinery was shut down after being damaged, while US forces were prepared to strike Iran if necessary. On April 17, Iran confirmed targeting oil facilities including in Saudi Yanbu.