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Iran threatens to strike oil facilities after U.S. hits military targets on Kharg Island, a critical oil hub
U.S. forces have carried out "large-scale" strikes on Kharg Island, a critical hub of Iran's Gulf oil operations, with the country responding by threatening to strike U.S. allies' oil facilities if any of its infrastructure is damaged. U.S. Central Command said Saturday that naval mine storage facilities and missile storage bunkers were among targets destroyed in the “precision strike” on the island, hitting “90 Iranian military targets” while “preserving the oil infrastructure.” Kharg Island, a tiny but strategic island 15 miles off the coast of Iran in the Persian Gulf, is home to an oil terminal ... (full story)
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Bitcoin (BTC) Price Maintains $70K Support Following U.S.-Iran Tensions Critical Levels to Monitor
From parameter.io | Mar 14, 2026
Bitcoin continues to defend the $70,000 level on Saturday, March 14, maintaining stability even as geopolitical tensions escalated following U.S. military strikes targeting Kharg Island, Irans crucial oil export terminal. The digital asset declined 3.5% from Fridays peak of $73,838 in the aftermath of the military action. While the retreat was swift, it ...