New Delhi, March 16 -- The recent US military strike on Iran's Kharg Island is expected to have only a limited impact on global oil supply, according to a report from JPMorgan.

Early information suggested that the attack targeted military positions while avoiding the island's oil infrastructure, allowing exports to continue for now.

If key facilities such as loading terminals, pipelines, and storage tanks remain intact, Iran should still be able to ship around 1.5 to 1.7 million barrels of crude oil per day, JPMorgan said. It said that any disruption to shipments would likely be short-term and precautionary rather than a lasting loss of supply.

"Any disruption would likely be temporary and precautionary," the report read.

President Do...