Why Trump's Kharg Island attacks could make the oil crisis worse
Airfind news item
By Jason Lalljee
Published on March 16, 2026.
President Trump is increasing threats to Kharg Island, where Iran produces most of its oil, as he considers further strikes following U.S. attacks. The island is a strategic terminal that handles about 90% of Iran's crude oil exports. A direct hit on Iran's export terminal would shut down most of these exports. Despite President Trump's pleas for allies to help the US open the Strait of Hormuz, they have largely rebuffed these efforts. China is the primary importer of Iran’s oil and could trigger retaliatory Iranian strikes against oil facilities and pipelines across Gulf countries, particularly Saudi Arabia.
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