Recap - Oil jumps 7% as Trump threatens bigger Iran strikes, eyes Kharg Island

The renewed exchange of strikes between the US and Iran has reintroduced a sharp geopolitical risk premium into crude pricing after weeks of relative calm under the June 17 ceasefire framework. Traders are now pricing in the possibility of a direct hit on Kharg Island, which would strike at Iran's physical capacity to export oil rather than just at shipping…

You are being sent to the original publisher. FX Radar keeps this reference for market context and source discovery.