Iran dismissed as 'laughable' a statement by U.S. President Donald Trump claiming that the key oil export hub of Kharg Island is 'being blown to smithereens.' Trump posted this on his Truth Social platform, stating that Kharg Island is 'being destroyed.' In response, Iran stated that conditions on Kharg are calm and there has been no damage.
Kharg Island, located in the Persian Gulf, handles about 90% of Iran's oil exports.
This week, U.S. forces struck Iran, leading to Iranian retaliatory strikes on U.S. bases. These events have resulted in a spike in oil prices.
