United States President Donald Trump struck Iran’s most strategically sensitive oil infrastructure and moved to revive offshore production in California on the same day, as the three-week-old war with Iran pushed global crude prices above $100 a barrel and created the largest oil supply disruption in recorded market history.
US forces carried out large-scale strikes on Kharg Island, Iran’s main crude export terminal, on Friday night. US Central Command (CENTCOM) said the operation destroyed more than 90 military targets, including naval mine storage facilities and missile storage bunkers, while preserving the island’s oil infrastructure.
Located about 15 miles off Iran’s northern Gulf coast, Kharg Island handles roughly 85 to 95 percent of the country’s crude oil exports and generates an estimated $78 billion annually in energy revenue. Trump announced the strikes in a social media post, saying he had chosen not to destroy the island’s oil facilities for now, but warned that Iran’s continued interference with shipping through the Strait of Hormuz could change that calculation. See More/Details