Washington, March 14 (IANS) US President Donald Trump said the United States carried out a major bombing raid on Iran’s strategic Kharg Island, claiming American forces “totally obliterated” military targets at the country’s key oil export hub while deliberately sparing energy infrastructure.In a social media statement, Trump said the operation was ordered by him and executed by the US Central Command.“Moments ago, at my direction, the United States Central Command executed one of the …
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Mumbai, March 1 (IANS) Missiles fired between Iran and Israel-US joint forces across the Gulf pose one of the most serious disruptions to oil flows in decades and may not be offset by production increases outside the Gulf, analysts said on Sunday.Traders warned that prices could jump sharply when markets reopen on Monday if the violence continues. Though no confirmed disruptions to shipping through the Strait of Hormuz, the risk of tankers being stranded or targeted has prompted major oil trader…