Kharg Island Tensions Spark Oil Price Surge

Oil prices surged on escalating tensions between Iran and the US, following an AI-generated tweet from former President Donald Trump claiming that the Kharg Island oil hub was being destroyed.

An Iranian official dismissed the claim as 'laughable', saying conditions at Kharg were calm and that workers were busy repairing damage and modernizing facilities.

The U.S. military had previously carried out strikes on military targets on Kharg in April, but said they did not impact oil infrastructure.