Why Trump's Kharg Island attacks could make the oil crisis worse

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>

US oil CEOs warn Trump administration that energy crisis likely to worsen, WSJ reports - Reuters

<a href="https://news.google.com/rss/articles/CBMixAFBVV95cUxQZElHUHE3bTVSQlRaanJTZFdWaGtZaHM4UnBDQmpUOG5GMnpMa3hZNG15ZGxQZ2FrQ3hMRDVmRERjdnFzcEtldVlqYkRYQXJDcHRldzF2WktDQnJvTDNabUVCa2FqaWhVSHlPay1icnBjLTBOeWJTakF5R1RYV09WcjZKb2x3VFkyLWZlZ0tEOXFOUGRMTGJYRTlRekNlXzJnalI4cHNTWWtENjNuTGRyYUlXTUo5dlhub285VVN2c0ZSTzl1?oc=5" target="_blank">US oil CEOs warn Trump administration that energy crisis likely to worsen, WSJ reports</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

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.

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

Scoop: Trump eases Venezuela sanctions on oil, fertilizer to blunt Iran war costs

<p>The Treasury Department made it easier Friday for U.S. businesses and farmers to buy Venezuelan fertilizer and oil as their prices rise because of the <a href="https://www.axios.com/world/iran" target="_blank">Iran war,</a> Axios has learned.</p><p><strong>Why it matters</strong>: The bottleneck of tankers in the Persian Gulf because of Iranian attacks has caused the costs of oil and fertilizer, a petrochemical product, to jump. It threatens to spike inflation and raise the <a href="https://www.dw.com/en/iran-us-israel-war-food-crisis-prices-fertilizer-energy-costs-inflation/a-76286348" target="_blank">cost </a>of food in the U.S.</p><hr><ul><li>By reducing sanctions on oil-rich Venezuela, <a href="https://www.axios.com/2026/03/13/iran-war-trump-officials-ship-escorts-hormuz-strait" target="_blank">Treasury Secretary Scott Bessent</a> hopes to increase supplies in the U.S. and lower prices.</li></ul><p><strong>Zoom in:</strong> The Office of Foreign Assets Control, which manages ...

Iran hits Gulf neighbors and keeps stranglehold on oil shipping as concerns rise of energy crisis - AP News

<a href="https://news.google.com/rss/articles/CBMilwFBVV95cUxNMnFkQ1lMcXNwMjZtWkluTVNScXFuZl9vakpnUFdHR2ZONGNlRlpDUlN0OWo3U0NEUHJTWXVWN3NWTzBycU5LU2laRkE0bkI3ZzlrQ0dhT2dPVk9WV0lWM3hoTW9MSHd4R1JCdHhyV1JRcGdUdzFJdV9JWllxckZpUXViaHlpdGZDYjJVdU1oY28xOFAwdlNr?oc=5" target="_blank">Iran hits Gulf neighbors and keeps stranglehold on oil shipping as concerns rise of energy crisis</a>&nbsp;&nbsp;<font color="#6f6f6f">AP News</font>