Global oil markets face another week of turmoil after a US attack on Iran’s main export hub heightened risks to supply across the Middle East, and deepened concerns over a conflict that’s already upended energy flows.
President Donald Trump said late on Friday that US forces had struck military targets on the vital Kharg Island and threatened to extend attacks to energy infrastructure if Tehran interferes with transit through the Strait of Hormuz — the narrow waterway connecting the Persian Gulf with the world. Traffic through Hormuz has all but halted since the war began and Iran’s supreme leader said last week the strait should remain shut if the conflict continues.
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