While some argue for destroying the terminal though which 90% of Iran’s oil exports flow, others caution of a global market ‘tailspin’ Kharg Island – through which 90% of Iran’s oil exports flow – is arguably the country’s most sensitive economic target but the export terminal has so far remained untouched throughout the US-Israel bombing campaign. Experts say bombing or capturing the site with US forces would be likely to cause a sustained increase to already surging oil prices, as it would amount to taking the entirety of Iran’s daily crude exports offline. Continue reading...