Recognizing that the attack on Kharg Island…

Recognizing that the attack on Kharg Island could freak out oil markets, they announced it on Friday evening to give markets 48 hours to digest the news. Trump also made it explicit that oil infrastructure would be next if Iran did not allow ships to pass freely through the Strait of Hormuz. They don't have any more time on the clock. Oil markets and the world economy cannot wait weeks or months for the military to open the Strait.