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Week in review: How we navigated the Iran war-driven surge in oil that slammed stocks

The Iran war-driven spike in oil prices crushed stocks last week, culminating in the S & P 500 's first three-week losing streak in roughly a year. There was little place to hide, with nine of the 11 S & P 500 sector indexes lower for the week. Not surprisingly, energy and utilities were winners.

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Why Kharg Island is central to Iran’s oil exports.

Kharg Island sits at the heart of Iran’s oil export infrastructure in the northern Gulf, making it one of the most strategically important energy hubs in the region. Located about 25km off Iran’s southern coast, the island hosts the country’s main oil export terminal, where crude from oil fields across Iran is store…

Original report

First images reveal strike that ‘obliterated’ Iran’s military stash on vital oil island

Last night, U.S. forces executed a large-scale precision strike on Kharg Island, Iran. The strike destroyed naval mine storage facilities, missile storage bunkers, and multiple other military sites. U.S. forces successfully struck more than 90 Iranian military targets on Kharg… pic.twitter.com/2X1glD4Flt

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