Global oil prices are likely to see a spike, at least for a short period, when trading resumes at 6 p.m. Eastern, said Muyu Xu, an Asia crude oil analyst at Kpler, a global commodities and shipping firm. But long term, traders will be looking to see if fighting effects Iran’s oil export capacity or on tanker traffic in and out of the Persian Gulf.
The NASA fire information system detected a significant heat-generating event near the Fordo nuclear enrichment facility, with one detection about 30 minutes before President Trump announced the U.S. strikes. Often areas that are bombed or produce significant heat, such as from lasting fires, are detected. Other events, like wildfires and industrial activity, can also be picked up; however, no recent events were detected in the last month around Fordo.
The Atomic Energy Organization of Iran issued a statement confirming that Iran’s three nuclear sites “were attacked in a violent act against international laws, including the Non-Proliferation Treaty, by the enemies of Islamic Iran.” The agency said it would take legal action against the United States in international courts and that Iran’s nuclear program would continue.
