"Kharg, a five-mile-long coral island in the Persian Gulf 27 miles from the mainland, is a key processing hub for Iran, through which 90% of the country's oil exports typically flow. Trump claimed on social media that he had avoided striking oil and energy infrastructure on the island for reasons of decency, and that only military targets had been hit."
"The strait of Hormuz, one of the most important waterways in the world, through which about a fifth of international oil supplies usually travel, has been all but closed since the start of the crisis. Trump claimed this weekend many countries will send ships to help reopen the strait."
"Trump claimed on Saturday that US strikes had totally demolished most of Kharg Island, telling NBC News that its military may hit site a few more times just for fun. But the decision to strike Kharg, which had been largely left untouched by the US-Israeli operation during its first two weeks, did not soothe the apprehensions rattling through global markets."
Brent crude climbed 1.8% following US military strikes on Kharg Island, Iran's critical oil processing hub through which 90% of Iranian oil exports flow. The Strait of Hormuz, carrying approximately one-fifth of global oil supplies, remains largely closed since the crisis began. President Trump claimed strikes demolished most of Kharg Island and demanded allied nations help reopen the strait, specifically calling on France, Japan, South Korea, the UK, and China to protect shipping routes. However, international response remained muted, with South Korea exploring measures and the UK considering minesweeping drones rather than committing ships to the operation.
Read at www.theguardian.com
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