WS #11773
US-Iran military strikes continue with 90 US targets hit and Iranian retaliation, but diplomatic channels remain open (technical talks ongoing) and oil prices are stable as LNG tankers resume Hormuz transit, signaling a contained escalation. Ukraine launched massive drone attacks on Russian oil refineries (Ilsky) and oil terminals (Taganrog, Azov), deepening global diesel supply pressures and supporting oil prices. EQT Infrastructure agreed to acquire Copia Power from Carlyle, a leading integrated power and AI infrastructure platform with over 25 GW solar/storage and 7 GW natural gas, supporting US AI infrastructure buildout. Oil prices edged higher on Friday, on track for weekly gains, supported by supply disruption fears from US-Iran conflict and stable demand expectations. ONGC approved a 1.75M ton strategic crude reserve expansion in Mangalore, strengthening India's energy resilience amid Iran conflict.
US-Iran Conflict Escalation and Counter-Signals
US-Iran military strikes continue with 90 US targets hit and Iranian retaliation, but diplomatic channels remain open (technical talks ongoing) and oil prices are stable as LNG tankers resume Hormuz transit, signaling a contained escalation.
Ukraine launched massive drone attacks on Russian oil refineries (Ilsky) and oil terminals (Taganrog, Azov), deepening global diesel supply pressures and supporting oil prices.
EQT Infrastructure agreed to acquire Copia Power from Carlyle, a leading integrated power and AI infrastructure platform with over 25 GW solar/storage and 7 GW natural gas, supporting US AI infrastructure buildout.
Oil prices edged higher on Friday, on track for weekly gains, supported by supply disruption fears from US-Iran conflict and stable demand expectations.
ONGC approved a 1.75M ton strategic crude reserve expansion in Mangalore, strengthening India's energy resilience amid Iran conflict.