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US-Israeli strikes hit 5 oil facilities near Tehran, official says

Explosions erupt following strikes at Tehran Oil Refinery in Tehran, March 7, 2026. (AFP Photo)
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Explosions erupt following strikes at Tehran Oil Refinery in Tehran, March 7, 2026. (AFP Photo)
March 08, 2026 11:23 AM GMT+03:00

Airstrikes carried out overnight Saturday by the United States and Israel hit five oil facilities in and around Tehran, killing four workers and damaging infrastructure, according to Iranian state television.

Keramat Veyskarami, head of the National Iranian Oil Products Distribution Company, told state television the strikes targeted four oil depots and a petroleum products transport center in Tehran and nearby Alborz province.

Iran says fuel storage remains sufficient after strikes

Veyskarami said four employees were killed in the attacks, including two oil tanker drivers. The facilities sustained damage, but firefighters later managed to bring the resulting blaze under control.

Residents reported a strong smell of burning fuel lingering across parts of the capital as smoke from overnight fires drifted through the city during the morning hours.

Despite the strikes, Veyskarami said the country's fuel supply remained stable and that storage sites still hold adequate gasoline reserves.

Explosions erupt following strikes in Tehran, March 7, 2026. (AFP Photo)
Explosions erupt following strikes in Tehran, March 7, 2026. (AFP Photo)

Iran conflict adds pressure to global energy supply

The latest strikes came amid an ongoing regional conflict that erupted on Feb. 28, when U.S. and Israeli attacks in Iran killed Supreme Leader Ali Khamenei. Iran later retaliated with missile and drone attacks targeting Israel as well as U.S. facilities and interests across the Middle East.

The confrontation has also affected global energy markets. Disruptions around the Strait of Hormuz, a key shipping route for oil and liquefied natural gas, pushed Brent crude prices above $90 per barrel, their highest level since April 2024.

As of early 2026, Iran produces an estimated 4.0 to 4.5 million barrels per day of petroleum, including crude oil and condensate. Crude output alone stands at roughly 3.3 to 3.5 million barrels per day, making Iran one of the largest producers within the Organization of the Petroleum Exporting Countries (OPEC).

China is the largest buyer of Iranian crude, accounting for about 80% of the country's exports.

March 08, 2026 11:23 AM GMT+03:00
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