{"id":429257,"date":"2026-04-06T20:01:13","date_gmt":"2026-04-06T13:01:13","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/04\/israel-says-it-conducted-a-powerful-strike-on-irans-largest-petrochemical-complex\/"},"modified":"2026-04-06T20:01:13","modified_gmt":"2026-04-06T13:01:13","slug":"israel-says-it-conducted-a-powerful-strike-on-irans-largest-petrochemical-complex","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/israel-says-it-conducted-a-powerful-strike-on-irans-largest-petrochemical-complex-429257\/","title":{"rendered":"Israel says it conducted a &#8220;powerful strike&#8221; on Iran&#8217;s largest petrochemical complex"},"content":{"rendered":"<div>\n<p>The world is dangerously close to a massive escalation in the Iran war, as Trump has threatened to strike Iran&#8217;s infrastructure, including energy, power and bridges.<\/p>\n<p>Iran has pledged to attack the energy infrastructure and possibly desalization infrastructure of gulf neighbors in response. <\/p>\n<p>Trump set a deadline for 8 pm ET on Tuesday to open Hormuz or face the destruction but Israel has already moved to strike at Iran&#8217;s energy.<\/p>\n<p>Defence minister Israel Katz today said his military struck Iran&#8217;s largest \u200bpetrochemical complex at Asaluyeh. Fars news agency reported that &#8216;several&#8217; sites had been struck.<\/p>\n<p>Tansim reported that companies that provide electricity, water and oxygen \u200bto Asaluyeh were<br \/>\nattacked, but the facility itself was not damaged. That may be an aim to carefully tread the fine line towards an escalation that&#8217;s in almost no one&#8217;s interest (except Russia).<\/p>\n<p>Last month, Israel attacked Iran&#8217;s South Pars gas field and Iran responded by attacks on gulf energy, including a crippingly strike on part of Qatar&#8217;s LNG operation. That could take five years to repair, according to Qatar&#8217;s national energy company and lead to a 17% drop in production.<\/p>\n<p>Just now, there are reports of large explosions in Kuwait, which has been particularly hard hit by Iran in this war.<\/p>\n<p>So far, the market isn&#8217;t panicking on this attack because there are some hopes for a ceasefire or peace deal in light of Trump extending his deadline for a third time. WTI crude is down 90-cents to $110.86 after a big jump on Thursday.<\/p>\n<p>The market is undoubtedly on edge about war developments and this week feels like a critical moment because if Iran&#8217;s power grid is attacked, it&#8217;s hard to imagine them willingly opening the Strait of Hormuz any time soon.<\/p>\n<p>S&amp;P 500 futures are up 0.1% and European markets are mostly closed for Easter Monday.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The world is dangerously close to a massive escalation in the Iran war, as Trump has threatened to strike Iran&#8217;s infrastructure, including energy, power and bridges. Iran has pledged to attack the&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-429257","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=429257"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429257\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=429257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=429257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=429257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}