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The ongoing war in West Asia has reached its most devastating turn yet. US President Donald Trump has given a shocking statement on Thursday which has created a stir among the policy makers and oil markets all over the world. Trump gave an open warning and said, “The United States will attack Iran very strongly tonight.” Along with this, he also threatened that the American army will soon attack Iran’s most important strategic base. ‘Kharg Island’ And will completely “capture” other major oil depots.
After this big announcement of Trump, the question has started arising that what is there in Kharg Island that America wants to take it under its control? And if America’s ‘occupation plan’ is successful, what changes will it bring to the world economy and the oil game? Let us understand this in detail.
What is Kharg Island? Why is it called the ‘heart of oil’ of Iran?
Kharg Island is a very small island located in the Persian Gulf, just 32 kilometers away from the south-western coastline of Iran. Geographically it is about 8 kilometers long and 4-5 kilometers wide. It may be as small in size as a big area of Delhi, but the entire economy of Iran depends on it.
You can easily understand the strength and importance of Kharg Island from the table given below:
Simply put, if Kharg Island falls into Iran’s hands or is completely destroyed, Iran’s global oil trade will come to a halt forever.
How did this great war start and what has happened till now?
The foundation of this fierce conflict was laid at the beginning of this year, which gradually engulfed the entire world:
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28 February 2026 (start): The US and Israel launched joint attacks on Iran, accusing Tehran of secretly developing nuclear weapons. In response, Iran fired ballistic missiles at American military bases spread throughout the Middle East.
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Blockade of the Strait of Hormuz: As the war progressed, Iran used its greatest strength. Strait of Hormuz Shut down. This is the narrow sea route of the world from where the global market 20% crude oil passes. The International Energy Agency (IEA) has declared it the largest ‘supply disruption’ in the entire history of the oil market.
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13 March 2026: America and Israel carried out a massive bombardment on Kharg Island and destroyed more than 90 military bases there. However, Trump then said that he had not touched the oil infrastructure out of “decency”.
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Naval blockade from 13 April 2026: The US Navy has completely laid siege to Kharg Island (Naval Blockade), due to which the flow of oil from here is stopped. According to US Treasury Secretary Scott Besant, due to this blockade Iran is losing money every day. $17 crore (about Rs 1,400 crore) Huge loss is being incurred.
What is Trump’s ‘Venezuela Model’ and its challenge in Iran?
Donald Trump has said in his statement that he will capture Kharg Island on the same lines as he did in Venezuela. It is popular in financial and political circles ‘Venezuelan Model’ It is being said.
?? Truth of Venezuela Model
This year, on January 3, 2026, the US Army ousted Venezuelan President Nicolas Maduro from power in an unexpected military action. After this, on January 29, the US Office of Foreign Assets Control (OFAC) General License 46 Issued. Under this, American companies got legal permission to directly buy, sell and bring Venezuelan oil to the global market, in return for which Venezuela agreed to give 3 to 50 million barrels of oil to America at market price.
But there is a world of difference between Iran and Venezuela:
Venezuela’s oil infrastructure was in disrepair due to years of mismanagement and only 8 to 1 million barrels of oil were being produced daily. In contrast, before the Iran war, 32 to 33 lakh barrels Was producing crude oil and 13 lakh barrels of gas. While it was estimated that it would take 10 years and 10,000 crore dollars to improve Venezuela’s oil infrastructure, capturing such a large and modern oil empire of Iran and running it under American control could prove to be much more bloody and challenging for America.
What effect is this war having on the world?
This new threat by Trump and the Hormuz-Kharg crisis has broken the back of the global economy. Its direct impact is visible on everyone from the general public to big industries:
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Record fire in crude oil: After the initial rise in the price of Brent Crude oil in the international market, now 110 to 120 dollars per barrel has reached a very dangerous level.
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Shipping costs increased by 300%: Due to increasing attacks on ships in the Persian Gulf, doing business by sea has become three times more expensive. The freight rate of a standard 40-foot container as of January 2026 increase up to 300% Due to which the goods imported in every country are becoming expensive.
