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

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.