Why Trump has his sights on Iran's Kharg Island — and what it means for the oil market

AI Summary

President Trump has ordered strikes on Iran's Kharg Island, a critical oil export hub, escalating the US-Iran conflict and sending shockwaves through global oil markets. Kharg Island handles the vast majority of Iran's crude oil exports, making it a strategically vital and market-sensitive target. The development is expected to significantly impact global energy supply and oil prices.

Trump's decision to order strikes on Kharg Island has pushed one of the world's most critical oil hubs into the center of the escalating U.S.-Iran conflict.