Energy · Press release
Joseph Grinkorn: Trump's Possible Takeover of Kharg Island and Control over the Strait Could Mean $25 Oil for the US
Grinkorn argues that securing Kharg Island and the Strait of Hormuz would give the U.S. control over Iranian oil and could push crude sharply lower.
Key points
- Kharg Island handles about 90% of Iran's oil exports, the article says, making it the key to Iranian supply.
- Oil briefly fell back to pre-war levels, then rose above $100 a barrel after attacks on vessels and neighboring countries.
- Grinkorn argues that lasting U.S. control of the island and the strait could drive oil toward $25 a barrel and ease global inflation.
Original release
This is a summary of a press release issued by Morris Group and published by TechBullion on August 4, 2026. Figures are as stated in the original release.
Read the full releaseViews expressed are those of Joseph Grinkorn, are forward-looking, and do not constitute investment advice or an offer to buy or sell any security.
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