CCISSGO-TV

April 3, 2026 Iran launched coordinated drone and missile strikes against major oil refineries in Kuwait, the UAE, and Saudi Arabia early Friday morning. The attacks represent a significant escalation in the Middle East conflict and have sent shockwaves through global energy markets. THE ATTACKS Iran's military operation struck Kuwait's largest refinery, igniting massive fires that emergency crews are still battling. A critical gas facility in the UAE sustained damage, while Saudi Arabia also reported hits on energy infrastructure. These strikes demonstrate Iran's willingness to target the economic lifelines of its regional neighbors. The timing maximizes pressure. With the Strait of Hormuz already under Iranian blockade, these refinery attacks compound the chokehold on global oil supplies. Approximately one-fifth of world oil shipments normally pass through this narrow waterway. MARKET RESPONSE Global oil markets reacted violently. Brent crude surged 7.8 percen...