Trump announces military strike on Iranian oil hub

President Donald Trump announced that the U.S. conducted a significant bombing raid on Iran’s Kharg Island, a key oil terminal in the Persian Gulf. Despite the strike targeting military installations, Trump stated that the oil infrastructure was spared, although he warned that could change if Iran disrupts shipping in the Strait of Hormuz. This military action comes amid rising global oil prices, fueled by heightened tensions in the region, with the national average for gasoline reaching approximately $3.63 per gallon.

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