00:00It's Benzinga bringing Wall Street to Main Street.
00:02French finance minister Roland Lescure said 30% to 40% of Gulf refining capacity has been damaged
00:08or destroyed by Iran's retaliatory strikes, removing 11 million barrels per day from global
00:14oil markets. He said repairs could take up to three years, and restarts may take several months,
00:19according to France 24. Italy's prime minister traveled to Algeria for emergency energy talks
00:25to secure more gas as the country moves to replace lost LNG supplies from Qatar. The UK and Germany
00:31said the crisis is accelerating their green energy transitions. The European Central Bank president
00:36said policymakers have options to address inflation linked to the US-Israeli war on Iran
00:41and will not be paralyzed by hesitation. For all things money, visit Benzinga.com.
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