Oil surges 6%, stocks tumble after Trump says Iran ceasefire is ‘over’
- EXPLAINERKharg Island, pivotal to Iran’s oil exports, becomes focal point as Trump renews threats amid rising Gulf tensions.
- US President Donald Trump has once again turned his focus to Kharg Island, Iran’s main oil export hub, after declaring an interim ceasefire with Iran “over” and warning the US was preparing more strikes.
- Speaking on the sidelines of the NATO summit in Turkiye on Wednesday, after the US carried out strikes on Iranian targets in response to attacks on three tankers in the Strait of Hormuz.
Confirmed
- US President Donald Trump has once again turned his focus to Kharg Island, Iran’s main oil export hub, after declaring an interim ceasefire with Iran “over” and warning the US was preparing more strikes.
- Speaking on the sidelines of the NATO summit in Turkiye on Wednesday, after the US carried out strikes on Iranian targets in response to attacks on three tankers in the Strait of Hormuz.
Unverified
- EXPLAINERKharg Island, pivotal to Iran’s oil exports, becomes focal point as Trump renews threats amid rising Gulf tensions.
Sources: NBC News, Al Jazeera