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Iran threatens to strike oil facilities after U.S. hits military targets on Kharg Island, a critical oil hub

From nbcnews.com

U.S. forces have carried out "large-scale" strikes on Kharg Island, a critical hub of Iran's Gulf oil operations, with the country responding by threatening to strike U.S. allies' oil facilities if any of its infrastructure is damaged. U.S. Central Command said Saturday that naval mine storage facilities and missile storage bunkers were among targets destroyed in the “precision strike” on the island, hitting “90 Iranian military targets” while “preserving the oil infrastructure.” Kharg Island, a tiny but strategic island 15 miles off the coast of Iran in the Persian Gulf, is home to an oil terminal that ships 90% ... (full story)

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  • Category: Fundamental Analysis