Oil Infrastructure

President Donald Trump announced US forces 'obliterated' military targets on Iran's Kharg Island, primary terminal for oil exports, prompting threats of escalated retaliation from Iran's Parliament speaker. Iranian media reported 15 explosions targeting air defenses, naval bases, and airport facilities with no oil damage confirmed. The strikes occur as Iran has halted shipping through the Strait of Hormuz, disrupting a fifth of global traded oil. Trump warned of further action against Iran's oil assets if disruptions continue.

The United States and Israel have conducted the largest attacks yet against Iran on the 14th day of the conflict, hitting approximately 15,000 targets since the war began. President Donald Trump announced that American forces executed "one of the most powerful bombing raids in the History of the Middle East," destroying military targets on Kharg Island in the Persian Gulf, while threatening to target Iranian oil infrastructure if Tehran continues blocking energy flows. Trump stated the U.S. would continue its campaign "as long as necessary" and indicated the Navy would begin escorting ships through the Strait of Hormuz "very soon," signaling further escalation of the two-week regional conflict. The joint international decision to release record oil reserves this week appeared to have minimal impact on crude prices, while the U.S. simultaneously moved to ease Russian oil sanctions over a 30-day period to alleviate rapidly rising energy costs.

President Donald Trump announced that US forces obliterated military targets on Iran's Kharg Island, a key oil export terminal, on March 13, 2026, with Iranian media reporting 15 explosions targeting air defenses, naval bases, and airport facilities but sparing oil infrastructure. Trump warned that Iran's oil infrastructure could be next if retaliation escalates, as the two-week war shows no signs of ending amid ongoing missile and drone attacks on Israel and Gulf states. The strikes heighten global energy risks since Iran has closed the Strait of Hormuz, through which 20% of world oil passes, potentially driving prices higher despite recent reserve releases. US officials are deploying 2,500 more Marines and an amphibious ship to the Middle East to bolster forces.