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Iran war puts at risk key pipelines, terminals and refineries that supply the world with oil and gas

  • This past week, the Iran war has put pipelines, refineries and shipping terminals at risk, leading state-owned QatarEnergy to shut a terminal and Iraq to suspend 1.5 million barrels per day at Rumaila and West Qurna.
  • Analysts say Iran aimed at oil storage and reroute points like Fujairah oil terminal, United Arab Emirates and Kharg Island, Iran, forcing shutdowns and hitting pipelines that avoid the Strait of Hormuz.
  • At Saudi Aramco’s Ras Tanura, the port and refinery, operations were temporarily halted after a drone caused a fire, while Brent crude rose from $72.97 to almost $103 on Monday.
  • Restart timelines indicate that Iraq and other Gulf oil fields have cut output as onshore storage fills, and experts warn some facilities will take weeks or months to resume, industry analysts including Torbjorn Soltvedt said.
  • The Strait of Hormuz matters because it is effectively closed to some traffic and channels about 20% of global oil and LNG, while Al Basra Oil Terminal, Iraq exports oil worth 80% of Iraq’s GDP.
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  • 58% of the sources are Center
58% Center

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Times of India broke the news in India on Sunday, March 8, 2026.
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