CNBC Daily Open: Oil infrastructure under threat as Iran war rages on?

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Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open.

It’s the third week of the Iran War, and despite all the Trump administration’s claims of winning, U.S. President Donald Trump has called on other countries for help to secure the Strait of Hormuz over the weekend. Is the administration really “winning,” one might wonder?

Iran’s critical oil export hub Kharg Island is now in U.S. President Donald Trump’s sights, with Trump threatening strikes on the island’s oil infrastructure after hitting military targets on Friday.