by winston » Sun Mar 15, 2026 7:44 am
Why a strike on Iran’s Kharg Island would shake oil marketsKharg Island is the loading point for almost all of the country’s crude shipments.
Israel widened the scope of the bombing campaign to include energy infrastructure when it attacked fuel storage facilities in Tehran on the night of Mar 7.
Around nine out of every ten barrels of Iranian crude oil is exported through Kharg Island, most of it bound for China. The terminal has been handling around 1.5 million barrels per day.
The site is dotted with storage tanks that can hold as much as 30 million barrels – about a third of the capacity of the giant US storage hub of Cushing, Oklahoma.
It has space to berth eight tankers and capacity to load more via ship-to-ship transfers.
More than six million barrels of crude can be loaded at Kharg Island in a day, stretching to as much as 10 million barrels if necessary.
Airstrikes on Kharg Island could disrupt most of Iran’s oil exports for weeks or months and worsen what is already a serious economic crisis in the country. It could also spur Iran to escalate its attacks on energy facilities across the region.
Source: Bloomberg
https://www.businesstimes.com.sg/compan ... il-markets
It's all about "how much you made when you were right" & "how little you lost when you were wrong"