Rising U.S.-Iran tensions have intensified after the Trump administration targeted Iran’s Kharg Island terminal, which handles nearly 90% of the nation’s oil exports. Iran has threatened to mine the Strait of Hormuz, a narrow but crucial passage for global energy shipments.
On Saturday, the U.S. president declined Iran’s offer to negotiate a ceasefire and also hinted at the possibility of more strikes on Iran, signaling a potential escalation of tensions.
Global Warning
‘Shark Tank’ Star Kevin O’Leary warned the market of the broader impact of this in a post late Saturday.
“Oil is the only commodity used in every single sector of every economy. Even our adversaries need it,” he said.
O’Leary also criticized alternative energy efforts, saying billions spent on wind and solar have not proven reliable under real-world pressures. “It didn’t work,” …
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