Energy

Iran’s oil lifeline: why Kharg Island, handling 90% of exports, remains untouched in the war - Ynetnews

Source: Ynetnews

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DW NOTE

Israel has spent eight months striking Iranian proxies, nuclear facilities, and air defenses — but the terminal that ships 90% of Iran's oil revenue sits in plain view on Kharg Island, untouched. Either the war's objective isn't regime collapse, or someone decided $85 crude was already expensive enough.

Read the full story at Ynetnews →

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

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Iran’s oil lifeline: why Kharg Island, handling 90% of exports, remains untouched in the war - Ynetnews

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