U.S. Strikes Iran's Kharg Island, Spurs Oil Price Surge
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- U.S. military bombed missile and mine storage on Kharg Island, deliberately avoiding the oil export hub, per official statements.
- Iran sees hard‑liners rallying around the attacks, framing them as a justification for intensified resistance.
- India is caught between supporting the U.S./Israel alliance and protecting its energy imports, creating a precarious diplomatic tightrope.
- China could exploit the U.S. focus on Iran to deepen its influence across Asia, according to NYT analysis.
- Russia benefits from a temporary U.S. sanctions pause, boosting its economic ties with Iran as noted by the NYT.
Why it matters: U.S. strikes reshape Middle East power balances, risking wider instability and market turmoil.
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