Trump eyes "Hormuz Coalition," seizure of Iran's Kharg Island oil hub - Axios

Kharg Island: Iran’s ‘untouchable’ oil artery?

It is the centerpiece of Iran's oil industry. Located some 25 kilometers, or 15 miles, off the shore of mainland Iran, Kharg Island is a small but vital strip of land, for the Iranian regime. Around 90% of its crude oil exports pass through here. FRANCE 24's Solange Mougin reports.

Why Kharg Island is a strategic focus as Iran war escalates

Global energy markets have been rocked by the U.S. war with Iran, as shipments through the Strait of Hormuz have been all but completely cut off. But one location that has not been hit is Kharg Island, which is roughly 16 miles off the coast of Iran and 300 miles from the Strait of Hormuz.…

Oil prices rise after Trump claims US ‘totally demolished’ Iran’s Kharg Island export hub - The Guardian

Infantino says Trump welcomes Iran's World Cup participation - Reuters

<a href="https://news.google.com/rss/articles/CBMirgFBVV95cUxOZU1vUnp1NEM5WXFva1dkbUhybHhoaTBvV0xtcV9ZcUlISFNSekpYZTU0azdfaS1HTWJpYXpKVko4YUgxdUtDS0luSEhyR2VfWHJfbGhJRjJIVGJRX3hMYzlEbVB4eFdKN29vY0N2QjZtRVVJTDUwNDZKWGg4SVktNlBRWm8zd1Z0UlBsUXgxOXBzQTVNR1hmOGRfdFhfZlpSVGJCSTdUR0NDcUNsRkE?oc=5" target="_blank">Infantino says Trump welcomes Iran's World Cup participation</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

Why Iran’s vital Kharg Island oil hub is still untouched by US-Israel bombers

<p>While some argue for destroying the terminal though which 90% of Iran’s oil exports flow, others caution of a global market ‘tailspin’</p><p>Kharg Island – through which 90% of Iran’s oil exports flow – is arguably the country’s most sensitive economic target but the export terminal has so far remained untouched throughout the US-Israel bombing campaign.</p><p>Experts say bombing or capturing the site with US forces would be likely to cause a sustained increase to already surging oil prices, as it would amount to taking the entirety of Iran’s daily crude exports offline.</p> <a href="https://www.theguardian.com/world/2026/mar/11/why-irans-vital-kharg-island-oil-hub-is-still-untouched-by-us-israel-bombers">Continue reading...</a>

Oil prices climb despite Trump moves to temper market

<p>Oil prices rose over $3 per barrel Sunday in the first major trading since President Trump's <a href="https://www.axios.com/2026/03/13/iran-strike-trump-us" target="_blank">threat</a> to strike Iran's main oil export hub unless the regime allows tankers through the Strait of Hormuz.</p><p><strong>Why it matters: </strong>The climb shortly after the markets' opening signals that traders see no major near-term market loosening or end to a conflict that has brought an unprecedented throttling of oil flows.</p><hr><ul><li>U.S. gasoline, diesel and home fuel oil prices are slated to see continued increases.</li></ul><p><strong>Driving the news:</strong> The global benchmark Brent crude jumped to over $106 per barrel, over $3 above Friday's close.</p><ul><li>It's up 46% since the U.S. strikes began.</li><li>Average U.S. regular gasoline prices are $3.70 per gallon on Sunday, up roughly 70 cents during the war, per AAA.</li></ul><p><strong>Friction point: </strong>Trump said Friday that...