
The Kobeissi Letter|Jun 14, 2025 21:33
Iran's energy infrastructure situation right now:
1. Iran's South Pars gas field struck shutting down 12 million cubic meters of gas production per day
2. Shahran oil field in western Tehran on fire after Israeli strike
3. Israeli strikes hit 2 oil depots in Tehran setting them on fire
4. Iran says production at world's largest gas field has been partially suspended due to Israeli strike
5. Multiple oil refineries in Iran are reportedly on fire
Iran currently produces 3.3 million barrels of crude oil per day, or ~3.5% of global supply.
At the current pace, we are set to witness one of the largest 1-day increases in oil prices in 20+ years.
Where do oil prices open on Monday?
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