Iran just hit the heart of Israel's fuel system. On March 8, 2026, IRGC forces fired Kheibar Shekan ballistic missiles at the Bazan oil refinery in Haifa Bay – the single largest refinery in Israel, supplying over half of the country's fuel – in direct retaliation for Israeli strikes on Tehran's depots. At the same time, tanker traffic through the Strait of Hormuz has collapsed and oil and gas prices are spiking worldwide. 

In this video, we break down:
• How the Kheibar Shekan missile works – and why its solid fuel design makes it so hard to stop
• Why the Bazan refinery is Israel's most critical energy asset and what happens if it stays offline
• How Iran and Israel are now trading blows against each other's oil infrastructure in real time
• What the effective "closure" of the Strait of Hormuz means for global oil flows and prices
• How refinery strikes, LNG shutdowns, and force majeure declarations are pushing the world toward an energy shock
• Why neither side has a clear exit strategy – and what that means for the next phase of this war

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