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News India Live, Digital Desk: The war raging in West Asia has now reached a point where a small mistake can push the entire country to the brink of poverty. Amidst the increasing tension between Israel and Iran, the name of ‘Kharg Island’ is the most discussed. Defense experts believe that if this island is attacked, Iran’s economic back will be completely broken.
Why is Kharg Island special? (Iran’s Economic Lifeline)
Kharg Island is not just a piece of land for Iran, but the ‘heartbeat’ of its economy. This island located in the Persian Gulf is Iran’s largest center for crude oil exports.
90% oil exports: Iran sends about 90 percent of its total crude oil exports to the world through this island.
Huge Terminal: One of the world’s largest oil terminals is located here, from where oil is loaded into huge tankers.
Source of earning: A large part of Iran’s GDP and foreign exchange reserves depend on trade through this island.
Why only Kharg Island is Israel’s target?
Israel knows very well that it is more effective to cripple Iran economically than to defeat it militarily.
Destruction in one fell swoop: If Israel targets the infrastructure of Kharg Island, Iran’s oil exports will come to a complete halt.
Domestic Crisis: Due to cessation of oil earnings, inflation in Iran will reach its peak and it will become impossible for the government to bear the expenses of war.
Global Pressure: However, an attack on this island could cause crude oil prices to cross $100 in the global market, causing an outcry in the entire world.
What if there is an attack?
If there is an attack on Kharg Island, its impact will not be limited to Iran only. The prices of petrol and diesel can touch the sky in many countries of the world including India. This is why America and other countries are advising Israel not to attack oil targets.