Back to all stories

Trump Threatens Further Kharg Island Strikes on Iranian Oil Infrastructure as U.S. Fuel Prices Spike

The U.S. bombed military sites on Kharg Island — Iran’s primary oil‑export terminal that handles roughly 80–90% of Tehran’s crude shipments — a strike President Trump said “totally obliterated” military targets while explicitly sparing oil facilities but warning he could hit them if Iran or others interfere with shipping through the Strait of Hormuz. The attacks and Iran’s effective closure of Hormuz have pushed global fuel prices higher (AAA: national regular gasoline about $3.70/gal and diesel $4.97/gal as of March 16; Argus jet fuel about $3.88/gal), prompted U.S. deployments of thousands of additional Marines and warships, and drawn Iranian threats to retaliate against U.S.‑linked energy and economic infrastructure across the region.

Iran War and U.S. Military Actions Energy Markets and Oil Prices Iran War and U.S. Military Operations Global Oil and Energy Markets Donald Trump

📌 Key Facts

  • U.S. forces struck Iran’s Kharg Island in Operation Epic Fury, hitting more than 90 military targets (including naval mine storage and missile bunkers); Iran reported at least 15 explosions that damaged air‑defense sites, a naval base, an airport control tower and a helicopter hangar, and both sides say oil export terminals were not struck.
  • Kharg Island is Iran’s primary oil export hub — roughly 80–95% (commonly reported as about 90%) of Iran’s crude flows through the terminal, which can load multiple supertankers and handles a large share of the country’s exports — making the island a central economic vulnerability and strategic leverage point.
  • President Trump repeatedly threatened to target Kharg’s oil infrastructure and broader Iranian infrastructure, saying U.S. strikes “totally obliterated every military target” on Kharg, that he spared oil facilities “for reasons of decency,” and that the U.S. could hit those installations “on five minutes’ notice” or “knock the hell out of it”; he urged other countries to send warships and offered U.S. escort of vessels through the Strait of Hormuz.
  • The U.S. is reinforcing forces in the region: several thousand additional service members (reports range from ~2,200–5,000 Marines, including elements of the 31st Marine Expeditionary Unit) and the amphibious assault ship USS Tripoli are being redeployed from the Indo‑Pacific to the Arabian Sea, joining a larger naval posture of carriers, destroyers and tens of thousands of troops already in the region.
  • Iran has effectively restricted transit through the Strait of Hormuz, with the IRGC asserting control and using sea mines and other measures to block shipping; analysts warn Iran has stockpiled mines by the thousands and that a U.S. mine‑clearing capability gap amplifies disruption and risk to Gulf flows.
  • Iranian leaders and the Revolutionary Guards have threatened retaliation if Iran’s energy or economic infrastructure is attacked, vowing to strike oil, energy and corporate facilities in the region tied to U.S. interests; Iranian officials also say they are receiving unspecified military cooperation from Russia and China.
  • The confrontation has sharply raised energy costs and consumer fuel prices despite strategic petroleum reserve releases: U.S. averages as of March 16 were about $3.70/gal for regular gasoline and $4.97/gal for diesel, jet fuel indexes have climbed, and analysts estimate Americans are spending hundreds of millions more per day on gasoline since the strikes began.
  • The crisis has caused direct human costs and broader regional harm: the U.S. military death toll in the conflict was updated (reported as 13), and fighting and strikes across the region — including in Lebanon, Iraq and Iran — have produced large numbers of civilian casualties and displacements; officials warn that seizing or destroying Kharg would be an “economic knockout” of Tehran but carry major escalation risks, including attacks on Gulf oil infrastructure.

📊 Relevant Data

Black households in the US bear an additional $1.6 billion annually in energy expenditures compared to White households, after controlling for socio-economic factors, with this disparity potentially widening during oil price spikes.

Racial disparities in the energy burden beyond socio-economic disadvantage — ScienceDirect

Black and Latino households pay 13-18% more on average for energy per square foot of housing compared to White households, contributing to higher energy insecurity amid rising oil prices.

Race, rates, and energy insecurity: exploring racial disparities in electricity costs and consumption in US utility service areas — Nature

The 1979 Iranian Revolution, driven by dissatisfaction with the Shah's policies, inflation, and foreign influences, led to mass emigration, with political unrest and sanctions prompting further waves of Iranian immigration to the US.

What Led to the 1979 Iranian Revolution? — History.com

Lower-income US households (bottom 60% of earners) spend nearly 4% of their take-home pay on gasoline, compared to about 1% for the top 10% of earners, making oil price spikes more burdensome for them.

Oil price shock: Higher US inflation could weigh on consumers — RBC Wealth Management

Approximately 20-23% of global oil consumption transits through the Strait of Hormuz, with over 80% of that oil destined for Asian markets like China and India.

Around 70% of global oil demand transported through strategic maritime chokepoints — Anadolu Agency

The Iranian population in the US grew more than fourfold from 1980 to 2024, largely due to post-revolution migration waves driven by political instability and economic factors.

7 facts about Iranians in the U.S. — Pew Research Center

📊 Analysis & Commentary (1)

Does Trump Risk Turning America Into a Rogue State?
Nytimes by Nicholas Kristof March 14, 2026

"The opinion piece criticizes the Trump administration’s conduct and rhetoric in the Iran war—as exemplified by recent U.S. strikes and threats such as the Kharg Island bombing—arguing they risk normalizing attacks on civilian infrastructure, eroding international law, and turning the U.S. into the kind of rogue actor it would otherwise condemn."

📰 Source Timeline (17)

Follow how coverage of this story developed over time

March 17, 2026
12:48 PM
Oil, gas prices jump as Trump flirts with striking Iranian oil infrastructure
Fox News
New information:
  • Confirms Trump told reporters on Air Force One that U.S. forces are "locked and loaded" and could hit Kharg Island’s oil infrastructure on "five minutes' notice," saying he personally chose not to do so—"we'll see what happens"—underscoring an ongoing threat rather than a one‑off remark.
  • Details Kharg Island’s role: a loading capacity of about 7 million barrels per day, with roughly 90% of Iran’s crude exports passing through it, most bound for China and India.
  • Provides concrete, current U.S. fuel-price data: as of March 16, AAA puts national average regular gasoline at $3.70/gal (up $0.77 in a month) and diesel at $4.97/gal (up $1.31 in a month), with lowest prices in Kansas, North Dakota and Oklahoma (~$3.08–$3.14) and highest in California, Hawaii and Washington.
  • Cites GasBuddy’s Patrick De Haan estimating Americans are spending $275 million more per day on gasoline than before the U.S. attacked Iran, totaling nearly $2.5 billion in extra spending since the strikes began.
  • Notes the Argus U.S. Jet Fuel Index climbed to $3.88/gal by Friday after sitting mostly in the low‑to‑mid $2 range, signaling a significant cost increase for airlines and air travel driven by the Iran conflict and fears of further disruption in the Strait of Hormuz.
March 16, 2026
11:15 PM
Why Trump's Kharg Island attacks could make the oil crisis worse
Axios by Jason Lalljee
New information:
  • Confirms that roughly 90% of Iran’s crude exports move through Kharg Island, with 1.55 million bpd of a 1.7 million bpd total shipped via Kharg so far this year (Reuters/Kpler data).
  • Reports that Trump told reporters he could carry out additional strikes on Kharg Island 'on five minutes notice' and that the U.S. 'may hit' the island 'a few more times just for fun.'
  • Reveals, via a U.S. official, that Trump is drawn to the idea of seizing Kharg Island outright as an 'economic knockout of the regime' that would effectively defund Tehran, while acknowledging it could trigger Iranian retaliation against Gulf oil facilities and pipelines, particularly in Saudi Arabia.
  • Notes that Iran is reportedly blocking most Gulf oil exports through the Strait of Hormuz while allowing tankers carrying Iranian crude to pass, and that Tehran is considering letting some tankers through if the oil is traded in Chinese yuan.
  • Highlights that Trump’s advisers themselves acknowledge that directly compromising Kharg’s oil infrastructure would further damage the already strained global energy market.
10:50 PM
What Trump said about Iran's infrastructure and oil prices in call with PBS News
PBS News by Liz Landers
New information:
  • In a brief Monday morning phone call with PBS NewsHour, Trump said Kharg Island is now 'out of commission' except for the oil pipes and repeated that he would 'knock the hell out of it' if Iran does not cooperate.
  • Trump stated that the U.S. has not yet hit electric plants in Tehran and said he could knock them out but is 'trying to hold off on that kind of thing right now' because it would cause 'years of rebuilding and also trauma.'
  • On gasoline and oil prices, Trump told PBS that current higher prices are a 'very small price to pay' for more than four decades of 'terror from the regime' and predicted prices would 'drop like a rock' once the war is over.
  • When asked about putting U.S. troops on the ground, Trump refused to discuss his thinking, saying only, 'I just don't want to talk strategy with a reporter.'
3:28 PM
Trump threatens to 'knock the hell out of' Iran's Kharg Island in impromptu phone call with PBS News
PBS News by Liz Landers
New information:
  • Trump, in a three‑minute impromptu phone call with PBS, says regarding Kharg Island, 'I told them openly — I'll knock the hell out of it,' directly tying any future strike to Iran’s behavior on oil and shipping.
  • He asserts that after last week’s U.S. attack on Kharg, the island is 'out of commission except for the pipes' and that he intentionally avoided striking oil infrastructure by '100 yards' to preserve facilities that took 'years of work' to build.
  • Trump broadens his description of restraint, saying he has 'left a lot of infrastructure' in Tehran as well, and that he could 'knock out the electric plants in one hour' but is trying to avoid that because of the long‑term rebuilding and 'trauma.'
  • He tells PBS he will not say whether he foresees U.S. ground troops in Iran and refuses to give a concrete end date for the war, walking back his earlier prediction that it would last 'four to five weeks' by saying he does not want to be 'two days late' and criticized.
  • The article cites a PBS News/NPR/Marist poll showing a majority of Americans disapprove of Trump’s handling of the Iran war and oppose U.S. military action there, even as gas prices soar and Trump insists oil prices will 'drop like a rock' once the war ends.
12:53 PM
US 'locked and loaded' to destroy Iran’s 'crown jewel' 'if we want,' Trump warns
Fox News
New information:
  • Trump told reporters aboard Air Force One that the U.S. is ‘locked and loaded’ to destroy Iran’s Kharg Island oil export hub and could do so ‘on five minutes’ notice’ but has chosen not to so far.
  • He characterized Kharg as Iran’s ‘crown jewel’ and said earlier U.S. strikes deliberately left only the section handling oil pipelines intact.
  • Trump framed the threat as leverage to pressure Tehran into negotiations, claiming Iran wants to ‘negotiate badly’ but is not yet ready to make required concessions.
  • CENTCOM is quoted specifying that Friday’s Operation Epic Fury strikes hit more than 90 military targets on Kharg, including naval mine storage facilities and missile bunkers, while leaving oil infrastructure untouched.
  • Axios sourcing, cited in the piece, notes Trump has discussed the option of seizing Kharg Island outright, with one U.S. official saying that would be an ‘economic knockout of the regime,’ while acknowledging it would likely require U.S. troops on the island and carry major escalation risks.
March 14, 2026
9:18 PM
What to know about Iran’s islands, as the US expands its bombing campaign there
The Christian Science Monitor by Associated Press
New information:
  • AP reports a U.S. strike on Kharg Island on Friday that destroyed military sites but left oil infrastructure intact, with President Trump warning he may reconsider sparing the oil facilities if Iran or others interfere with shipping through the Strait of Hormuz.
  • The piece quantifies that Iran has exported 13.7 million barrels of oil since the war began, with multiple tankers recently seen loading at Kharg, according to TankerTrackers.com.
  • Energy researcher Petras Katinas of the Royal United Services Institute is quoted saying Kharg is "the main node" of Iran’s economy and that loss of the island would make it difficult for any Iranian regime to function, giving the U.S. major leverage in negotiations.
  • Iranian Foreign Minister Abbas Araghchi claims the U.S. struck a desalination plant on Qeshm Island on March 8 that supplies water to about 30 villages, calling attacks on infrastructure a "dangerous move with grave consequences"; Washington has not acknowledged this.
  • Bahrain’s Interior Ministry says an Iranian drone strike caused material damage to a Bahraini desalination plant the next day, though water supplies were not disrupted.
  • The article revisits the long‑running territorial dispute over Abu Musa and the Greater and Lesser Tunb islands, noting Iran’s military garrisons there and framing them as persistent Gulf flashpoints.
7:45 PM
Iran is receiving ‘military cooperation’ from Russia and China, foreign minister says
MS NOW by Ayman Mohyeldin
New information:
  • Iranian Foreign Minister Abbas Araghchi publicly vows Iran will retaliate for any U.S. attack on Iranian oil or energy infrastructure by striking 'any energy infrastructure in the region' in which an American company owns assets or shares.
  • Araghchi says Iran has 'no intention' of fully reopening the Strait of Hormuz, directly signaling continued pressure on global oil flows despite the Kharg Island strikes.
  • He explicitly claims Iran is receiving 'military cooperation' from Russia and China and calls them 'strategic partners,' while declining to specify the nature of that cooperation.
  • Araghchi accuses the United Arab Emirates of allowing U.S. forces to launch attacks on Iran from densely populated areas such as Dubai and Ras Al‑Khaimah, a charge Gulf governments deny.
  • He dismisses U.S. Defense Secretary Pete Hegseth’s claim that new Supreme Leader Mojtaba Khamenei was wounded and 'disfigured,' insisting 'there is no problem with the new supreme leader' and that 'everything is under control.'
5:39 PM
Iran holds world energy hostage with 'nightmare' Strait of Hormuz sea mines, former CENTCOM official warns
Fox News
New information:
  • Retired CENTCOM communications director Col. Joe Buccino says Iran is using World War I‑style sea mines in the Strait of Hormuz, stockpiled 'by the thousands,' to effectively halt shipping and wage psychological warfare.
  • Buccino warns the U.S. Navy has 'decommissioned' most of its dedicated mine‑clearing ships, creating what he calls a gap Iran is now exploiting.
  • Buccino states that uncertainty about the number and location of mines is itself a key part of Iran’s strategy, shutting down the flow through Hormuz even without confirmed strikes on tankers.
  • Trump reiterates that the U.S. would be willing to escort vessels through the strait 'if we needed to,' linking that prospect to the current mine threat.
  • The piece reiterates that Iran’s new supreme leader Mojtaba Khamenei has vowed to keep the Strait of Hormuz closed until the war ends and demanded removal of U.S. bases from the region.
3:30 PM
What to know about Kharg Island, the Iranian oil site struck by U.S.
https://www.facebook.com/CBSNews/
New information:
  • CBS details that Kharg Island historically handles roughly 85–95% of Iran’s crude exports, making it the core of Iran’s oil export system.
  • The article quotes Trump saying the U.S. "totally obliterated" every military target on Kharg while deliberately avoiding oil export infrastructure, and warning he will "reconsider" sparing those facilities if Iran continues to block free passage through the Strait of Hormuz.
  • National security analyst Aaron MacLean tells CBS that Trump has "linked the vulnerability of Kharg Island to Iran's continued closure of the Strait of Hormuz," framing the strike as leverage rather than immediate economic escalation.
  • Background context is provided on past attacks on Kharg during the Iran‑Iraq War and Iran’s subsequent fortification of the island with air defenses, hardened infrastructure and underground storage.
  • The piece underscores that the 172‑million‑barrel U.S. SPR release has not calmed markets, with crude above $100, tying the Kharg strike more explicitly to current oil‑market anxiety.
3:14 PM
Trump urges other nations to send warships to the Mideast
MS NOW by Clarissa-Jan Lim
New information:
  • Trump publicly urged countries including China, France, Japan, South Korea, the UK and others to send warships to the Middle East to help reopen the Strait of Hormuz, calling the current situation an "artificial constraint."
  • In a Truth Social post, Trump vowed that in the meantime the U.S. would "bomb the hell out of the shoreline" and "continually" shoot Iranian boats and ships "out of the water."
  • The article confirms that U.S. forces struck more than 90 military targets on Iran’s Kharg Island on Friday, including naval mine storage facilities and missile storage bunkers, while again sparing the island’s oil infrastructure.
  • The IRGC Navy declared it remains in control of the Strait of Hormuz, warning that ships belonging to "aggressors and their allies" are barred and that "any attempt to move or transit will be targeted."
  • Reuters reporting cited here says the IRGC claimed a right to target U.S. interests in the United Arab Emirates in self‑defense and warned civilians to evacuate ports, docks and U.S. military shelters there.
  • The piece notes the helipad at the U.S. Embassy in Baghdad was struck Friday, according to the Associated Press, amid broader militia activity, though no group has claimed responsibility.
  • MS NOW’s interview with Iranian Foreign Minister Abbas Araghchi has him calling the conflict an "unprovoked, unwarranted, illegal act of aggression" and insisting Iran is only targeting American bases, installations, assets and interests under an "eye for an eye" self‑defense rationale.
  • The story updates casualty and humanitarian context: more than 2,000 people killed in the region so far, with highest death tolls in Iran and Lebanon and what human‑rights groups describe as a humanitarian crisis from Israeli strikes on Hezbollah in Lebanon.
  • It reports that oil prices are hovering near all‑time highs as the Strait of Hormuz remains closed, and that Trump says U.S. Navy tanker escorts through the strait will start "very soon."
  • A U.S. official told MS NOW the U.S. is sending up to 5,000 additional service members, including the 31st Marine Expeditionary Unit, plus several additional ships to the Arabian Sea.
11:34 AM
Why Did Trump Order an Attack on Iran’s Kharg Island?
The Wall Street Journal by Benoit Faucon
New information:
  • WSJ describes Kharg Island as the launch point for roughly 90% of Iran’s oil exports and calls it Iran’s most strategic economic asset.
  • The article reinforces that Trump says the bombardment targeted only military facilities on Kharg while explicitly sparing oil installations.
  • It quotes Trump’s warning that he would reconsider sparing the oil facilities if Iran does not reopen the Strait of Hormuz to international shipping.
9:30 AM
U.S. military bombs Kharg Island, Iran's main oil export hub, Trump says
NPR by NPR Staff
New information:
  • Trump posted that the U.S. military 'totally obliterated every MILITARY target in Iran's crown jewel, Kharg Island' and said he chose 'for reasons of decency' not to wipe out the island’s oil infrastructure, explicitly tying future strikes on those facilities to any interference with shipping in the Strait of Hormuz.
  • NPR confirms CENTCOM’s finding that all six crew members aboard a KC‑135 refueling aircraft that went down over western Iraq were killed, and reiterates CENTCOM’s statement that the loss was not due to hostile or friendly fire.
  • The article updates the U.S. military death toll in the Iran war to 13, with seven killed by enemy fire and eight severely wounded, and notes that NPR has confirmed an additional 2,200 Marines from the 31st MEU aboard USS Tripoli are heading to the Middle East.
  • Trump told reporters en route to Mar‑a‑Lago that Iran has been 'decimated,' that its 'country's in bad shape' and 'collapsing,' but refused to give any estimate of war duration, saying it would last 'as long as it's necessary.'
  • Defense Secretary Pete Hegseth said U.S.–Israeli strikes under Operation Epic Fury have hit more than 15,000 targets and claimed, without offering evidence, that they have injured Iran’s new supreme leader.
7:42 AM
Iran War Live Updates: U.S. Says It Bombed Key Iranian Island With Oil Hub
Nytimes by The New York Times
New information:
  • NYT cites a U.S. military official specifying that the Kharg Island raid targeted missile and mine storage sites used to block shipping lanes, and asserts economic infrastructure was not targeted.
  • A senior Iran Oil Ministry official describes nearly two hours of nonstop explosions on Kharg, calling the attacks ‘enormous and destructive’ and warning that any hit on the island’s oil and gas infrastructure would immediately halt a major part of Iran’s exports.
  • NYT provides detailed context that roughly 90% of Iran’s oil exports move via Kharg, that its terminal can load up to 10 supertankers at once, and that Falat Iran Oil Company on Kharg produces 500,000 barrels per day.
  • The live blog confirms that about 2,500 Marines on as many as three warships are being redeployed from the Indo-Pacific to the Middle East, joining more than 50,000 U.S. troops already in the region as Hormuz traffic remains ‘all but halted.’
  • Iran’s Revolutionary Guards issue a public threat that if the U.S. hits Iranian oil and energy facilities, they will ‘immediately’ attack all oil, energy and economic infrastructure of companies across the region tied to U.S. ownership or cooperation, vowing to turn them ‘into a pile of ash.’
7:22 AM
The Latest: Trump threatens Iran's oil infrastructure after US bombs island military sites
ABC News
New information:
  • Iran’s semiofficial Fars news agency reports at least 15 explosions on Kharg Island, saying U.S. strikes hit an air defense facility, a naval base, the airport control tower and an offshore oil company’s helicopter hangar, while asserting no oil infrastructure was damaged.
  • Iran’s joint military command, via spokesperson Ebrahim Zolfaghari of the Khatam al-Anbiya Central Headquarters, threatens to target 'all oil, economic, and energy infrastructures belonging to oil companies across the region that have American shares or cooperate with America' if Iranian energy and economic infrastructure are attacked.
  • An American official says 2,500 more Marines and an amphibious assault ship are being sent to the Middle East nearly two weeks into the war with Iran, signaling further U.S. force buildup.
  • Lebanon’s state-run National News Agency reports fresh Israeli strikes on Beirut and southern Lebanon on Saturday morning, as the regional conflict intensifies.
  • Hamas issues its first public statement since the war began on Feb. 28, urging regional countries to 'cooperate and stop' the U.S. and Israeli assault on Iran, affirming Iran’s right to respond under 'international norms and laws,' but urging Tehran to avoid targeting neighboring countries.
  • An airstrike hits a house in Baghdad’s Karrada district early Saturday, killing at least one person and wounding two, with the Iraqi military condemning it as a 'blatant violation' of humanitarian values and international conventions; the strike precedes a separate missile attack on the U.S. Embassy compound in Baghdad.
4:29 AM
US bombs military sites on Iranian island as Trump threatens its oil infrastructure
ABC News
New information:
  • Article specifies that U.S. forces on Friday "obliterated" targets on Kharg Island, with Trump framing the raid as focused on military sites while confirming the island is home to Iran’s primary oil export terminal.
  • Provides fresh detail that an American official says 2,500 more Marines and the amphibious assault ship USS Tripoli, with elements of the 31st Marine Expeditionary Unit, have been ordered to the Middle East from Japan.
  • Notes the Tripoli was recently spotted by commercial satellites sailing alone near Taiwan and is more than a week away from waters off Iran, indicating the deployment’s timeline.
  • Describes current U.S. naval posture: 12 ships, including USS Abraham Lincoln and eight destroyers, operating in the Arabian Sea, with Tripoli poised to become the region’s second‑largest ship if it joins the flotilla.
  • Reiterates that Iran has effectively closed the Strait of Hormuz and continues missile and drone attacks on Israel and Gulf states, and mentions a deepening humanitarian crisis in Lebanon with nearly 800 killed and 850,000 displaced in Israeli strikes on Hezbollah.
  • Adds a quote from Iranian Parliament Speaker Mohammad Bagher Qalibaf warning that attacks on Iran’s southern islands would cause Iran to "abandon all restraint," underscoring escalation risks tied specifically to these islands.
March 13, 2026
11:33 PM
U.S. conducts massive bombing of strategic Iran Island, Trump says
Axios by Barak Ravid
New information:
  • Axios reports Trump characterized the Kharg Island raid as ‘one of the most powerful bombing raids in the History of the Middle East’ and claimed it ‘totally obliterated every MILITARY target’ on the island.
  • The piece notes the White House had been considering a ground operation to seize Kharg Island as one of several options presented by the Pentagon before the war, underscoring its centrality to Iran’s oil exports.
  • Axios specifies that 80–90% of Iran’s oil exports move through Kharg Island and reports Trump framed the raid as a ‘shot across the bow’ meant to compel Iran to reopen the Strait of Hormuz.
  • Trump’s Truth Social post, as quoted here, explicitly calls on Iranian military personnel to lay down their arms to ‘save what’s left of their country, which isn’t much!’ and warns he will reconsider sparing the oil infrastructure if Iran or others interfere with shipping.