NASDAQ:PIPR 26 November 2025 - 9 January 2026

March 20, 2026, 8:05 AM EDT. A fire at Kuwait's Mina Al-Ahmadi oil refinery followed another drone strike linked to Iran, intensifying concerns over Gulf energy infrastructure amid regional conflict. The incident occurred a day after Qatar's Ras Laffan facility was targeted. Iran pledged retaliation following an Israeli strike damaging its South Pars gas field, a key energy source. Israeli Prime Minister Benjamin Netanyahu claimed victory against Iran, signaling the conflict's potential end but hinted at a possible ground offensive. Iranian officials maintained missile production despite ongoing bombardments. The war dampened New Year celebrations across Iran and the Gulf, with Tehran still facing Israeli bombardments. The escalating attacks threaten significant disruption to oil and gas supplies flowing through the strategic Strait of Hormuz, crucial for global energy markets.