What just happened to Iran's Kharg Island? President Trump just said the US has carried out the ...
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About the Creator
The Kobeissi Letter is a financial analysis account run by a market commentator focusing on macroeconomics, oil markets, and geopolitical risks. Their style is urgent and dramatic, often highlighting market implications of global events to engage traders and investors. Credibility stems from accurate data on oil logistics but can be sensationalized for emphasis.
What's This About?
The post details President Trump's announcement of massive US bombing raids on Iran's Kharg Island, targeting only military assets while sparing oil infrastructure, amid an escalating war nearly two weeks old. It emphasizes Kharg's critical role handling ~90% of Iran's crude exports, equivalent to 2% of global oil supply, and warns of potential oil market chaos if Trump follows through on threats tied to Iran's interference in the Strait of Hormuz. Key themes include geopolitical escalation, oil supply risks, and strategic US restraint as leverage.
🔥Why It's Trending
This content is surging due to the fresh US strikes on Kharg Island announced just hours before markets closed on Friday, March 13, 2026, sparking fears of oil price spikes over the weekend. Its timing aligns with ongoing US-Iran war developments, including Trump's provocative social media post and Pentagon confirmations. Relevance to global energy markets and potential Hormuz disruptions drives shares among traders and news followers.
💡Fun Facts
- 1Kharg Island, a tiny 5-mile strip in the Persian Gulf, manages ~90% of Iran's oil exports, fueling 2% of global supply.
- 2Trump described the raids as 'one of the most powerful bombing raids in Middle East history,' executed by B-2 stealth bombers under Operation Epic Fury.
- 3US deliberately spared oil facilities 'for reasons of decency,' but threatened reconsideration if Iran blocks Strait of Hormuz shipping.
- 4The strikes occurred amid a war nearing its 2-week mark, with Iran reportedly losing its navy, air force, and 90% of drone/missile capabilities.
- 5Trump has eyed Kharg since 1988, once suggesting a single Iranian bullet would prompt him to 'do a number' on the island.
📚Read More
https://www.politico.com/news/2026/03/13/us-kharg-island-trump-iran-hormuz-00829134
Live Updates: Trump says U.S. attacked vital Iranian oil hub, as war reaches 2-week mark
President Trump said that the U.S. military had conducted "one of the most power bombing raids" on Iran
US strike on key Iran oil hub would fit Trump's 'energy dominance doctrine,' expert says
Reports indicate President Donald Trump's administration is considering a direct attack on Iran's Kharg Island, which handles 90% of Iranian oil exports near the Strait of Hormuz.
https://www.republicworld.com/world-news/kharg-island-totally-obliterated-trump-claims-iran-s-military-sites-destroyed-in-fresh-us-bombing-raid
https://www.iranintl.com/en/liveblog/202603119917
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