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Iranian Missile Shrapnel Strikes Haifa Oil Refineries, Disrupting Power

On March 19, 2026, shrapnel from an Iranian missile, intercepted by Israel's defence system, struck oil refineries in Haifa Bay. The incident caused a power outage and damaged the Bazan Group Oil Refineries installation (TASE: ORL).

An Iranian missile barrage caused damage to a Haifa oil refinery. The missile, intercepted by Israel's missile defence, resulted in shrapnel hitting Israel's largest oil refineries, located in Haifa Bay. Smoke was observed above the Bazan Group Oil Refineries (TASE: ORL) installation following the strike. According to an Israel Fire and Rescue spokesperson, the Bazan structure sustained damage from the missile, but there are no known casualties. The electrical supply was quickly restored to the affected neighbourhoods by the Israel Electric Corp (IEC), but has not yet been fully restored to the industrial zone. The possibility of pollution has been ruled out.

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