In recent developments, tensions have escalated sharply in the Gulf region as Iran has issued threats to attack US oil infrastructure in retaliation for recent military strikes by the United States on Kharg Island. On March 14, President Donald Trump announced that the US military had "obliterated" a number of military targets on the island, which serves as a critical transit point for Iran's oil exports. Trump also indicated that further attacks could target oil infrastructure if Tehran disrupts shipping through the strategically vital Strait of Hormuz. The US strikes mark an intensification of hostilities in the ongoing conflict that... [Continue Reading]