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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

Beyond the strait: why attacks on Kharg Island could keep oil prices high

Tankers sailing in the Gulf near the strait of Hormuz
Tankers in the Gulf near the strait of Hormuz, which has effectively been blocked by the Iran war. Photograph: Reuters

About 20 miles off the coast of Iran lies the source of the petrostate’s economic lifeblood and the latest target of US military aggression: an 8 sq mile coral island through which nine in every 10 barrels of Iranian crude passes each day.

The US president’s decision to launch a weekend attack on Kharg Island, the home of Iran’s processing hub and the heart of its economy, is an unsurprising counterstrike to the Iranian regime’s ongoing chokehold on the oil market’s trade artery.

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