Trump threatens to seize Iran's Kharg Island, then pulls back
What's new: After vowing fresh strikes and control of Iran's oil hub, Trump later canceled the attack and pointed to talks with Tehran.
BBC News (US & Canada), CNBC +2
What's new: After vowing fresh strikes and control of Iran's oil hub, Trump later canceled the attack and pointed to talks with Tehran.
Why it matters: Kharg Island handles about 90% of Iran's oil exports, raising the risk of a wider energy shock.
Why it matters: Kharg handles most of Iran's oil exports, so any move there could widen the war and jolt energy markets.