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Energy and Gas Markets

Iranian threats to target oil and technology facilities in the Gulf

Iranian threats to target oil and technology facilities in the Gulf
Energy and Gas Markets · 10:57:30 - Friday, 23 October 2026

Written by: Ahmed Abdel Salam

Iran has threatened to target oil, artificial intelligence, and undersea cable facilities in several Gulf countries if it faces any new military attack from the United States and Israel, amid escalating regional tensions and their direct impact on global energy markets and supply stability.

Broader Iranian infrastructure plans

Mohsen Rezaee, Secretary of the Iranian Supreme National Security Council, said that Tehran could target oil facilities, data centers, and artificial intelligence facilities in several Gulf countries if a new military conflict breaks out. He indicated that the Iranian strategy in the event of war would include broader plans that include critical infrastructure and undersea cables, confirming that Tehran views the coming conflict as an existential threat.

Sharp impacts on oil markets and prices

Growing fears regarding the possibility of a military confrontation have pushed oil prices to a noticeable increase, as Brent crude reached $113.4 per barrel, the highest level recently recorded by prices amid reports of intense military movements and US and Israeli reinforcements in the Middle East, and increasing maritime friction in the Strait of Hormuz.

Warnings of a wide regional war of attrition

Observers and specialists in international affairs have warned that any new military confrontation will not remain confined to military targets, but may turn the region into a wide-scale theater of a war of attrition that would negatively affect global energy supplies. These developments could cause the complete closure of the Strait of Hormuz and a sharp rise in oil prices, threatening the global economy with a slide towards recession and dangerous economic repercussions worldwide.

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