Iran’s Kharg Island oil shipments halt for first time since war began
The post Iran’s Kharg Island oil shipments halt for first time since war began appeared on BitcoinEthereumNews.com. Iran’s main oil export terminal, Kharg Island, has gone dark. For the first time since regional conflict escalated, seaborne crude shipments from the facility have ground to a prolonged halt, with satellite imagery showing no tankers loading for multiple consecutive days. The stoppage isn’t a technical glitch or a scheduling gap. It’s the result of an intensified US naval blockade that has now prevented Iran from successfully exporting crude oil by sea for 28 straight days. What Kharg Island means for Iran’s economy Here’s the thing about Kharg Island: it handles nearly 90% of Iran’s oil exports. It’s not just important infrastructure. It is the infrastructure, the single chokepoint through which almost all of Iran’s crude reaches the global market. Satellite images have confirmed what tracking data suggested: no oil tankers have been loading at the terminal for an extend