US President Donald Trump has announced that the United States will launch a “stern military strike” against Iran “tonight.”
He also claimed that the United States will take control of Iran’s main oil export hub, Kharg Island and other key energy infrastructures in the future.
In a post on Thursday, Trump said large parts of Iran’s navy, air force, radar and air defense systems had been destroyed and the United States would soon establish control over the country’s oil and gas markets.
Why is the important Kharg Island?
Kharg Island is the most important oil export center in Iran. According to various international reports, about 90 percent of the country’s crude oil is exported through the island. As a result, control or attack on the facility could be a major blow to Iran’s economy and create instability in the global energy market.
The context of the ongoing conflict
Both sides have counter-attacked amid months of conflict between the United States and Iran. According to Trump, preparations are being made to carry out a more powerful military operation, although some peace talks are continuing.
Global Impact
According to analysts, new military action on the island of Kharg or Iran’s energy infrastructure could lead to major instability in the international oil market. Meanwhile, the price of crude oil has started to fluctuate due to tensions in the Middle East.