Kharg Island serves as the centerpiece for Iran's oil industry, accounting for roughly 90% of the country’s crude exports.

From its role in exporting up to 90% of Iran’s crude to fears it could be struck in the expanding regional conflict, here is what to know about Kharg Island.

As oil prices surged Monday amid the escalating war on Iran, the economic implications for the U.S. Virgin Islands came back into sharper view, with the territory’s dependence on imported fuel and imported goods leaving residents exposed to the kind of global shock that can move quickly from overseas battlefields to local power bills,

JP Morgan has warned that Iran’s oil production could be slashed in half and oil exports could virtually stall if U.S.-Israeli seize Iran's Kharg Island, worsening the ongoing global oil shock

Crude that spilled late last month from a key deepwater oil terminal has traveled 18 miles across open Gulf of Mexico waters and affected three islands that are part of a coastal wildlife refuge noted for its recreational fishing and critical bird habitat,

During the Iran-Iraq War in the 1980s, Iraqi aircraft repeatedly bombed Kharg in an attempt to cripple Iran’s economy.

Oil climbed to nearly $120 per barrel before falling back after Trump sent mixed signals and the Group of Seven mulled releasing emergency oil supplies.