A tiny island in the Persian Gulf has emerged as a key focus during the Iran war due to its crucial role in the global oil trade. The US struck Iran’s Kharg island ahead of Donald Trump’s Tuesday night ceasefire deadline, according to reports. The small island in the Persian Gulf handles 90% of Iran’s oil exports, making it a critical hub for the Iranian economy and the global oil trade. Iran Open Data analysis puts the figure even higher, at 96%. “In effect, almost the entirety of Iran’s oil exports — and a large share of the country’s hard-currency…
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