Mar 15 • 11:00 UTC 🇮🇹 Italy Il Giornale

The perfect storm arrives: oil risk at 150 dollars. In the US, gasoline already +23%

The article discusses a potential spike in oil prices to $150 due to recent military actions affecting Iran's key oil export terminal, Kharg Island.

The article highlights the precarious situation surrounding Iran's oil exports, particularly focusing on Kharg Island, which has been a pivotal export terminal since the 1960s. Controlled by the Iranian state after the 1979 Islamic Revolution, Kharg Island is responsible for 90% to 95% of Iran's oil exports, equating to about 1.7 million barrels a day. Recent developments took a concerning turn when former President Donald Trump announced via social media that the US Central Command had executed one of the most powerful bombings in Middle Eastern history, targeting military objectives on the island. Trump's statement indicated he refrained from destroying the island's oil infrastructure due to 'decency', yet warned of potential consequences should Iran disrupt oil traffic through the region.

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