US-Israel strikes and Tehran’s retaliation are pushing oil and gas facility damage costs toward $50 billion, Rystad Energy projects.
The US-Israel war on Iran could push regional repair costs in the Middle East to as much as $58 billion, with oil and gas facilities alone accounting for up to $50 billion, according to an analysis released by energy research firm Rystad.
However, the report stresses that the main constraint is not funding but limited global capacity to supply key equipment and engineering services, which could delay repairs for years.
Rystad’s estimate marks a sharp increase from the initial $25 billion projection the firm issued three weeks ago, reflecting the broader scope of damage before the April 8 ceasefire between the US and Iran.
“Repair work does not create new capacity. It redirects existing capacity, and that redirection will be felt in project delays and into inflation far beyond the Middle East,” Rystad senior analyst Karan Satwani said.
“The $58 billion bill is the headline, but the knock-on effects on energy investment timelines globally may prove just as significant,” Satwani highlighted.
Rystad said total repair spending is likely to average around $46 billion, with downstream refining and petrochemical assets accounting for the largest share due to the scale and complexity of the damage. Industrial, power, and desalination facilities could add $3 billion to $8 billion, with recovery timelines diverging across assets and countries due to differences in execution capacity and supply chain constraints.
Iran faces the most extensive damage, with costs potentially reaching $19 billion across gas processing, refining, and export infrastructure, the company said. Qatar’s impact, meanwhile, is seen as more concentrated but technically complex, centered on the Ras Laffan LNG hub, where repairs may coincide with ongoing expansion projects.
Tehran plans to seek compensation from five Arab states – Bahrain, Jordan, Qatar, the UAE, and Saudi Arabia – for damage from the latest military standoff, Iran’s UN envoy Amir Saeid Iravani told Tasnim. He said the countries acted as “co-participants” with the US and Israel and breached their obligations toward Iran.
Last week, the Iranian Red Crescent Society reported that 125,630 civilian units had been affected by the war, including 100,000 residential homes, some of them completely destroyed. It also cited damage to 23,500 commercial properties, 339 medical facilities, 32 universities, 857 schools, and 20 Red Crescent centers.
IRCS head Pir Hossein Kolivand stressed that around 15 major logistical sites, including fuel depots, airports, and civilian aircraft, had been hit, highlighting widespread disruption to transport, energy, and public services.
https://www.rt.com/business/638519-iran-war-billion-energy-repair/
The Islamic Revolution Guards Corps (IRGC) warns the enemies that any act of aggression against the Islamic Republic will not go unanswered.
In a statement on Thursday, the IRGC issued a “stern warning” to the enemies after US forces launched strikes against the southern Iranian port city of Bandar Abbas.
Following the US military attack on a point on the outskirts of Bandar Abbas Airport with aerial projectiles, the IRGC carried out new strikes targeting the US air base from which the attack originated in the wee hours of Thursday, it added.
“This response is a serious warning to the enemy that they should know the act of aggression will not go unanswered,” the IRGC emphasized.
The elite military force warned of a “more decisive” response if the enemy repeated any act of aggression.
It also said the responsibility for the consequences of any IRGC response lies with the aggressor.
The statement comes after the IRGC Navy on Thursday forced an American tanker to turn back. The tanker ...
Volker Turk has warned that efforts to advance reparatory justice are facing resistance in “certain quarters,” and urged countries to back Africa’s push.
Reparatory justice for historical crimes, including colonialism, enslavement, and the trade in enslaved Africans, is crucial to dismantling systemic racism, UN High Commissioner for Human Rights Volker Turk has said.
Speaking at the UN Permanent Forum on People of African Descent on Tuesday, Turk linked present-day discrimination against people from the continent to the enduring legacy of colonialism and enslavement.
”Racism and dehumanizing rhetoric continue to permeate public institutions, communities, and online platforms,” he said, according to the UN Press Service. Turk noted that “digital technologies, including AI, are reproducing and amplifying existing biases against people of African descent.”
The remarks come weeks after the UN General Assembly adopted a resolution declaring the transatlantic slave trade “the gravest...
The US VP had to defend President Trump’s Gaza policy at a rally on a Georgia college campus.
US Vice President J.D. Vance was forced to defend Washington’s policy in Gaza after he was booed and heckled at a key MAGA event on Wednesday.
Co-founded by the late Charlie Kirk, Turning Point USA (TPUSA) is a conservative student group that has long been seen as a strong support base of President Donald Trump’s MAGA movement but is now showing apparent cracks.
Less than 15 minutes into a TPUSA event at the University of Georgia on Wednesday, Vance was interrupted by hecklers over US policy in Gaza, with one audience member shouting, “Jesus Christ does not support genocide!” As he attempted to respond, others shouted, “You’re killing children!” and “You’re bombing children!”
Vance replied by referring to Trump’s achievements as president, including securing a fragile ceasefire in Gaza, something he said the previous administration of Joe Biden failed to do.
“I ...
