US Crude Soars Past $100 Amid Iran Kharg Island Strike Fears

• US crude prices, including West Texas Intermediate, surged above $100 per barrel, with Brent crossing $105.
• The price hike is driven by concerns over a potential US military strike on Iran's key oil export facilities on Kharg island.
• US President Donald Trump ordered strikes on military assets on Kharg island but spared oil infrastructure, warning of reconsideration if Iran attacks tankers in the Strait of Hormuz.
• Kharg island is crucial for Iran, handling 90% of its oil exports (1.5 million bpd), primarily to Japan.
• JPMorgan warns a direct strike on Kharg's oil terminal would halt exports and likely trigger severe Iranian retaliation in the Strait of Hormuz.