Flashpoint

U.S. strikes hit Iran’s Kharg Island, hub for 90% of its oil exports, raising risk to global crude flows U.S. forces carried out large-scale precision strikes overnight on Kharg Island, the Gulf outpost that handles almost all of Iran’s crude exports, hitting more than 90 military targets, according to U.S. Central Command and President Donald Trump. Kharg, a 20-square-kilometer island about 30 kilometers off Iran’s mainland and roughly 500 kilometers northwest of the Strait of Hormuz, hosts the country’s largest oil…