Back to today’s briefing

Story perspectives

U.S.-Israeli Strikes on Kharg Island Threaten Oil Markets

3/13/2026

32 3

Summary

Story summary

Analysts warn that a U.S. or Israeli strike on Kharg Island could disrupt global oil markets and invite retaliation from Iran.
Kharg Island is a crucial oil terminal responsible for 90% of Iran's oil exports.
Former Israeli Prime Minister Yair Lapid has advocated strikes on Iranian oil facilities.
U.S. President Donald Trump has hinted at ground operations, including seizing Kharg Island.

1 of 1

Story summary

Analysts warn that a U.S. or Israeli strike on Kharg Island could disrupt global oil markets and invite retaliation from Iran.
Kharg Island is a crucial oil terminal responsible for 90% of Iran's oil exports.
Former Israeli Prime Minister Yair Lapid has advocated strikes on Iranian oil facilities.
U.S. President Donald Trump has hinted at ground operations, including seizing Kharg Island.