#oil market

Middle East on Edge: US Bombs Iran's Kharg Island, Tehran Vows Retaliation Amid Escalating Conflict

A new chapter of intense geopolitical turmoil has unfolded as US forces struck military targets on Iran's strategic Kharg Island. Tehran has swiftly condemned the actions, issuing stern warnings of retaliation against US-linked oil interests, deepening a conflict already two weeks in the making and sending shockwaves through global markets and diplomatic circles.