On Tuesday, Kharg Island, Iran's key oil hub, was attacked in a significant escalation of hostilities between the United States and Iran. This island, often referred to as Tehran’s 'crown jewel' of oil infrastructure, is crucial for Iran's economy, handling approximately 90% of the country's oil exports. Its strategic location in the Persian Gulf, where much of Iran's coastline is too shallow for large tankers, makes it indispensable for energy trade. The island's proximity to US military bases in Kuwait and Saudi Arabia heightens its vulnerability in the ongoing conflict. Analysts warn that sustained disruptions could severely impact Iran's oil revenues and lead to increased global fuel prices. The situation has already caused volatility in energy markets, particularly after Iran's recent moves to close the Strait of Hormuz, a vital oil transit route. US President Donald Trump had previously indicated that targeting Kharg Island was among the options on the table, suggesting a strategy aimed at pressuring Tehran by limiting its oil exports.