Israeli energy company Bazan said its Haifa oil refinery suffered pipeline and transmission line damage during Iran’s overnight missile barrage. Refining core facilities continue to operate at the site,

Iran's missile attack has shut down Israel's largest oil refinery in Haifa, killing three employees and sparking massive fires. The escalation marks the deadliest phase yet in the ongoing Iran-Israel conflict.

The greatest risk the oil markets face is that Iran retaliates against Israel airstrikes by closing the Strait of Hormuz, which is critical to global energy shipments.