Mar. 20 at 2:25 PM
$TGB A breaking report from Axios just hit, citing senior administration officials who claim the Pentagon has presented a plan to President Trump to seize and "administratively manage" Kharg Island, Iran’s primary oil export terminal.
The Logic: By physically occupying Kharg, the U.S. aims to force Iran to reopen the Strait of Hormuz under the threat of a total, indefinite loss of their export revenue.
Market Reaction: This is being read as a major "Boots on the Ground" escalation. Brent has spiked back toward
$110/bbl, and the S&P 500 is shedding gains as traders price in a much longer, hotter conflict.
So stops are in place.
