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world12h ago
Oil soars with Brent heading for record monthly surge as Trump reportedly eyes Iran energy control
Cnbc.com and 15 more
- Trump warned of severe action if a deal isn’t reached soon, saying the Hormuz Strait must be open for business or the U.S. will strike Iran's energy infrastructure and Kharg Island.
- Kharg Island handles the vast majority of Iran's crude exports, a small island with major capacity, highlighting its central role in global oil supply.
- The island's terminals can load 1.3–1.6 million barrels of crude per day, underscoring Kharg's key role in global supply and its vulnerability to conflict.
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