Why Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers
AI Summary
Kharg Island, Iran's crucial oil export hub responsible for 90% of the country's oil exports, has remained untouched during the recent US-Israel bombing campaign. Experts believe that attacking Kharg Island would severely disrupt global energy markets, potentially driving oil prices to $150 a barrel. While the US has struck thousands of targets in and around Iran, including some oil refineries and depots, Kharg has been spared, despite reports suggesting the White House considered seizing it. The island's strategic importance lies in its deep-water access, allowing for the loading of very large crude tankers, and its capacity to handle millions of barrels of oil daily, with significant reserves stored as backup. The fear of Iranian retaliation has already impacted oil prices and tanker traffic in the Strait of Hormuz.
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