US President Donald Trump said American forces had 'obliterated' targets on Iran's 'crown jewel', Kharg Island, warning that the island's oil facilities could be the next target.
The island is a key player in Iran's oil network as it hosts the main terminal that manages the country's oil exports.
Kharg Island lies 16 miles off Iran's coast and functions as the export terminal for 90% of Iran's oil shipments.
A declassified CIA note from 1984 described the island's oil facilities as 'the most vital' part of Iran's petroleum system, crucial for the country's economy and its war campaign against Iraq.
The island has ample oil storage capacity and houses three major energy facilities run by the Iranian oil ministry.
Energy experts warn that any strike on civilian facilities on the island or a takeover of the site could push global oil prices even higher.
