Business
Why Attacks on Kharg Island Matter for Global Oil
The U.S. has struck Kharg Island—Iran’s main oil export hub in the northern Persian Gulf—during the ongoing war with Iran.
The U.S. has struck Kharg Island—Iran’s main oil export hub in the northern Persian Gulf—during the ongoing war with Iran.
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NEW YORK — Oil shot to its highest price since 2023 after surging again Friday because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to