Iran's Kharg Island Hit By Strikes: Has Trump Just Ignited The $130 Oil Trade? [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
U.S. forces struck several of military targets on Iran's Kharg Island into early Tuesday, according to reports from Fox news, while President Donald Trump issued a civilization-level warning to Tehran. Crude oil – as tracked by the United States Oil Fund – surged 3% past $115 a barrel. Now markets are asking: is the $130 oil trade no longer a tail risk, but the base case? ‘A Whole Civilization Will Die Tonight' Early Tuesday morning, Trump wrote on Truth Social that “a whole civilization will die tonight, never to be brought back again,” adding that he did not want that outcome but believed “it probably will” happen. Don't Miss: Fast Company Calls It a ‘Groundbreaking Step for the Creator Economy' — Investors Can Still Get In at $0.91/Share This Energy Storage Company Already Has $185M in Contracts—Shares Are Still Available He framed Tuesday's 8 p.m. deadline as “one of the most important moments in the long and complex history of the World,” invoking 47 years of what
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JPM
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- 1/13/26 - Miss
JPM
Sec Filings
- 4/10/26 - Form 424B2
- 4/10/26 - Form 424B2
- 4/10/26 - Form FWP
- JPM's page on the SEC website