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Stock impact report

Trump’s warning over Kharg Island raises the stakes for Iran’s oil exports [MSNBC.com]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: MSNBC.com
A general view of the Port of Kharg Island Oil Terminal, 25 km from the Iranian coast in the Persian Gulf and 483 km northwest of the Strait of Hormuz, in Iran on March 12, 2017.Fatemeh Bahrami | Anadolu | Getty ImagesPresident Donald Trump's order to strike Iranian military assets on Kharg Island has thrust one of Tehran's most critical oil hubs into the center of the escalating U.S.-Iran conflict.Trump said the strikes, carried out Friday night, targeted military facilities and spared oil infrastructure. But he warned the United States could attack crude facilities on the island if Iran continues attacks on commercial vessels in the Strait of Hormuz, a key shipping artery for global energy supplies."The strike on the military facilities of Kharg was meant to serve as a warning shot to Tehran. If it doesn't reopen the Strait of Hormuz, the oil infrastructure on the island would be next," Vandana Hari, founder of Vanda Insights, told CNBC in an email on Monday.Kharg Island is regarded Show less Read more
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