U.S. and Israeli strikes hit Iran’s Kharg Island oil hub but missed key infrastructure, avoiding major damage.

Kharg Island, Iran’s primary oil export hub, remained intact during recent U.S. and Israeli strikes targeting Iranian military sites, though U.S. officials confirmed attacks on naval and missile storage on the island. The oil infrastructure, which handles about 90% of Iran’s crude exports and holds around 18 million barrels, was not damaged, according to U.S. sources, while Iran claims no harm occurred. Analysts warn that striking the island’s oil facilities could severely disrupt Iran’s economy and trigger global market turmoil, with rebuilding hindered by sanctions. China, Iran’s main oil buyer, would face significant repercussions. The situation has heightened regional tensions, raising fears of escalation into broader economic conflict.