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Feb 28 02:00 ET
BREAKINGSTRIKE

US-Israeli Strikes Hit Kharg Island Oil Terminal; Iran Crude Exports Collapse to ~100,000 bpd

US and Israeli strikes hit Iran's Kharg Island oil terminal, handling 90% of crude exports. Fires and disruptions cut exports from 1.7 million to ~100,000 bpd. Energy analysts warn Brent could hit $100/barrel Monday.