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Trump says U.S. 'obliterated' military targets on Iran's Kharg Island but didn't 'wipe out' oil infrastructure

Finance · Micro · 21 hours ago

President Trump announced that U.S. forces struck military targets on Iran’s Kharg Island, which handles 90% of Iran’s crude oil exports worth billions annually. Trump said he deliberately spared the oil infrastructure “for reasons of decency” but threatened to reconsider if Iran disrupts shipping through the Strait of Hormuz, a critical global oil transit route.

This escalation comes amid a broader U.S.-Iran conflict that has been ongoing for two weeks, with reports of 5,000 additional U.S. troops being deployed to the Middle East. Kharg Island sits in the Persian Gulf and serves as Iran’s primary oil export terminal, making it both economically vital and strategically vulnerable. The strikes represent a significant escalation while stopping short of attacking energy infrastructure that would severely impact global oil markets and Iran’s economy, suggesting calculated pressure rather than total economic warfare.

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