Oil Market Set for Tumultuous Week as Kharg Attack Raises Stakes - Bloomberg.com
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Oil markets face volatile week after attack on Kharg facility.
How This Affects You
Gas prices could spike due to oil market volatility from facility attack.
AI Summary
The oil market is expected to face significant volatility in the coming week following an attack on Kharg, which has escalated tensions and raised the stakes for energy markets. The incident at Kharg is creating heightened uncertainty that traders anticipate will drive turbulent trading conditions.
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GlobalWhy Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers
<p>While some argue for destroying the terminal though which 90% of Iran’s oil exports flow, others caution of a global market ‘tailspin’</p><p>Kharg Island – through which 90% of Iran’s oil exports flow – is arguably the country’s most sensitive economic target but the export terminal has so far remained untouched throughout the US-Israel bombing campaign.</p><p>Experts say bombing or capturing the site with US forces would be likely to cause a sustained increase to already surging oil prices, as it would amount to taking the entirety of Iran’s daily crude exports offline.</p> <a href="https://www.theguardian.com/world/2026/mar/11/why-irans-vital-kharg-island-oil-hub-is-still-untouched-by-us-israel-bombers">Continue reading...</a>
GlobalIran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices up again - AP News
<a href="https://news.google.com/rss/articles/CBMioAFBVV95cUxOT3UyV1FyQ2VRM3VLV2JXaUhzNWpzYUUyYnotbnkybzc2X1Jaakh4ZlRwcE1QaFkwUU94YTN0RVBnVEV1amRPYzd4WFdiczNwTWhtTVZHYXU3NlY3YllCMG9hRkdDUFp0bEdJNnZBX1hXUi1QY1ZoNmNZUGVyTW9rNDQ0ZHNKcHZ0Y2R1OWtheFhkQVVKVWlpU0Z4enFpRVZ1?oc=5" target="_blank">Iran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices up again</a> <font color="#6f6f6f">AP News</font>
GlobalDeadly Attack on Oil Tankers Prompts Iraq to Close Oil Terminals - The New York Times
<a href="https://news.google.com/rss/articles/CBMikwFBVV95cUxQTVl2b3NaY3JkSVItLXZPYlh0S3QtVGZXNDBHenE2T2E3RExlcVM4VVBvbjVFeTdEYkxxR09xMkhLQ21PbXAxOTVHVFN6UWVJeVZRVEwxa0loNEZfcHNmb3k2TkZuV3o4REdISTlwZDhpYjNHVVZKaFFJLW1rRWl2RWNENndKSmlYWE1ndWpMNWI0RkU?oc=5" target="_blank">Deadly Attack on Oil Tankers Prompts Iraq to Close Oil Terminals</a> <font color="#6f6f6f">The New York Times</font><strong><a href="https://news.google.com/stories/CAAqNggKIjBDQklTSGpvSmMzUnZjbmt0TXpZd1NoRUtEd2ktbnF2V0VCRk1TeUhtTlVZcGtDZ0FQAQ?hl=en-US&gl=US&ceid=US:en&oc=5" target="_blank">View Full Coverage on Google News</a></strong>
PoliticsExclusive: Trump reviews options to curb energy prices as Iran strikes roil markets - Reuters
<a href="https://news.google.com/rss/articles/CBMiugFBVV95cUxQT0Z5U1Z0Tkp2RmVmdGlWMWRuVm5GaXdER25ZdnA3X0V5eHBZTlI2YlhWWmlDME9mblVaV2JZNFh5QVJiTDAxRlpMNWRqbUNWLXN0V0pJUTB4NWEtX3V2Q3hYN0hoSDFkOVQ5MzlFVm5fbnBoZ3lZNkVsRElDVk8tcU9wdktDb2xfRzlpc1F1bU5kU1R1bjZQZkNWSGdwZjRiem9LU0JhMlUzSnYxM1pzZVlRQko3Z2FBa3c?oc=5" target="_blank">Exclusive: Trump reviews options to curb energy prices as Iran strikes roil markets</a> <font color="#6f6f6f">Reuters</font>
PoliticsOil prices climb despite Trump moves to temper market
<p>Oil prices rose over $3 per barrel Sunday in the first major trading since President Trump's <a href="https://www.axios.com/2026/03/13/iran-strike-trump-us" target="_blank">threat</a> to strike Iran's main oil export hub unless the regime allows tankers through the Strait of Hormuz.</p><p><strong>Why it matters: </strong>The climb shortly after the markets' opening signals that traders see no major near-term market loosening or end to a conflict that has brought an unprecedented throttling of oil flows.</p><hr><ul><li>U.S. gasoline, diesel and home fuel oil prices are slated to see continued increases.</li></ul><p><strong>Driving the news:</strong> The global benchmark Brent crude jumped to over $106 per barrel, over $3 above Friday's close.</p><ul><li>It's up 46% since the U.S. strikes began.</li><li>Average U.S. regular gasoline prices are $3.70 per gallon on Sunday, up roughly 70 cents during the war, per AAA.</li></ul><p><strong>Friction point: </strong>Trump said Friday that...
CorporateKharg Island: Iran’s ‘untouchable’ oil artery?
It is the centerpiece of Iran's oil industry. Located some 25 kilometers, or 15 miles, off the shore of mainland Iran, Kharg Island is a small but vital strip of land, for the Iranian regime. Around 90% of its crude oil exports pass through here. FRANCE 24's Solange Mougin reports.
US and Iran Keep Up Strikes as Trump Mulls Possibility of a Deal - Bloomberg.com
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