Israel says it will hold off striking key Iranian natural gas field as war rattles energy markets
DUBAI, United Arab Emirates (AP) — Israel pledged to refrain from more strikes on a key Iranian gas field after Iran intensified attacks Thursday on oil and natural gas facilities around the Gulf, raising the stakes in a war that has sent shock waves through energy markets and the global economy.
Global fuel supplies were already under pressure because of Iran’s stranglehold on the Strait of Hormuz, a strategic waterway through which a fifth of the world’s oil is transported.
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