STRIKE2026-03-09
The Energy War: Bapco Burns, Oil Hits $119
Iran strikes Bahrain's only refinery — G7 scrambles as oil spikes to new war highs
Iran drones set Bahrain's Bapco Al Ma'ameer refinery ablaze — the first oil refinery struck in the war. Bahrain declares force majeure. Brent spikes to $119.50. G7 finance ministers convene emergency session on IEA reserve release. Saudi Arabia intercepts drones targeting the Shaybah oil field. The energy war is now targeting Gulf production infrastructure directly.
Key facts
- •Bapco Al Ma'ameer refinery ablaze — first refinery struck in the war
- •Bahrain declares force majeure on all oil shipments
- •Brent $119.50 WTI $119.48 — new war highs since 2008
- •G7 emergency session: IEA coordinated strategic reserve release discussed
- •Shaybah oil field (1M bpd) targeted by drones — intercepted
- •Saudi Arabia formally condemns reprehensible Iranian aggressions — first statement of war
Timeline
01:00 UTC
Iran drones strike Bapco refinery — Al Ma'ameer ablaze
04:00 UTC
Iran targets Shaybah oil field and Jawf region — intercepted
06:00 UTC
Brent $119.50 WTI $119.48 — new war highs
06:00 UTC
Saudi Arabia: reprehensible Iranian aggressions — first formal condemnation
07:00 UTC
G7 emergency session — IEA oil reserve release discussed