"We can do that on five minutes notice it'll be over, but for purposes of someday rebuilding that country, I guess we did the right thing, but it may not stay that way. The president indicated capability for rapid additional strikes while acknowledging potential long-term consequences for reconstruction efforts."
"Kharg island is a strategic terminal 15 miles off Iran's coast that handles about 90% of its crude oil exports. A direct hit on Iran's export terminal on the island would shut down most of those exports, significantly impacting global energy markets."
"Iran has exported 1.7 million bpd of crude oil so far this year, of which 1.55 million bpd was shipped via Kharg, per a Reuters analysis of Kpler data. China is the primary importer of Iran's oil, with Tehran considering allowing tankers through the strait if cargo is traded in Chinese yuan."
Kharg Island, located 15 miles off Iran's coast, serves as a strategic oil terminal handling approximately 90% of Iran's crude oil exports. The U.S. has conducted weekend attacks on military targets there, with the president indicating willingness to conduct additional strikes on short notice. A direct hit on the island's export infrastructure would severely disrupt global oil supplies, as Iran currently exports 1.7 million barrels per day, with 1.55 million shipped through Kharg. The president is considering seizing the island and has requested allied assistance in opening the Strait of Hormuz, though allies have largely declined participation. China remains Iran's primary oil importer, and Tehran is exploring alternative payment methods in yuan.
#iran-oil-exports #kharg-island-strikes #global-energy-markets #strait-of-hormuz #us-military-operations
Read at Axios
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