JPMorgan: Iran's oil output will be cut in half if Kharg Island falls to U.S.–Israeli forces

Iran could lose half its oil output and see most of its crude exports stop if Kharg Island is seized by U.S. and Israeli forces, JPMorgan said in a note on Monday. The largest US bank said that kind of attack would hit the core of Iran’s oil trade. Kharg Island sits about 30 kilometers […]