Israel has launched multiple strikes on Kharg Island, a vital oil export hub located in the northern Persian Gulf, approximately 25-30 km off the Iranian coast. Known as Iran's 'crown jewel', Kharg Island is responsible for 90-95% of the country's crude oil exports, with a loading capacity of around 7 million barrels per day. Despite the attacks, Iranian state media reports that oil export operations continue as normal, although the threat to this critical infrastructure has caused global oil prices to surge towards $150 per barrel. The potential destruction of Kharg Island is viewed as a 'red line' that could trigger catastrophic consequences for both Iran and global markets, as it would significantly reduce oil supply and cripple Iran's economy. This situation poses a direct threat to China, which imports about 91% of Iran's oil exports. Following the strikes, China has experienced a sharp increase in retail fuel prices and has implemented a ban on refined fuel exports to prevent domestic shortages. The ongoing conflict and its implications for energy security are causing significant concern in Beijing, particularly for smaller independent refiners reliant on Iranian crude.