A small island in the Persian Gulf may hold the key to global oil markets. Kharg Island is Iran’s primary crude export terminal, responsible for roughly 90% of the country’s oil shipments. The facility can load as much as 7 million barrels per day and generates tens of billions of dollars in revenue for Tehran. U.S. and Israeli officials are reportedly discussing the possibility of targeting or neutralizing the export hub as part of the ongoing conflict with Iran. Analysts warn that disrupting Kharg Island could halt most of Iran’s crude exports. But such a move could also trigger retaliation, including potential threats to the Strait of Hormuz or other regional energy infrastructure. So far, oil markets appear to be pricing in only a short disruption. WTI crude has pulled back below $90 per barrel after briefly topping $100 as fears of a prolonged supply shock eased. Key details investors are watching: • Kharg Island handles about 90% of Iran’s crude exports • Terminals capable of loading up to 7 million barrels per day • Oil exports generate tens of billions annually for Iran • Disruption could impact global energy supply and prices Follow Benzinga for real-time coverage of geopolitical events impacting energy markets. Disclaimer: Video contains AI generated content.