business / news / / New York Post
US stocks fell Tuesday morning and oil prices rose as President Trump’s 8 p.m.
US reportedly struck Iran’s Kharg Island, which handles 90% of Iranian crude oil exports.
KEY POINTS
- President Trump set an 8 p.m. ET deadline for Iran to reopen the Strait of Hormuz.
- Trump threatened to bomb Iran’s power plants and bridges if the deadline is not met.
- Attacks on Middle East energy infrastructure since February 28 have damaged facilities in Iran, Qatar, and Saudi Arabia.
- Analysts warn oil prices may stay high even if the conflict ends soon due to infrastructure damage.
COMPANIES
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