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Trump says the US has ‘totally obliterated’ military targets on Kharg Island, the center of Iran’s oil empire

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  • President Donald Trump said the US has destroyed military targets on Kharg Island.
  • The island, located off the coast of Iran, is central to the country’s oil empire.
  • Trump said the strikes did not damage the island’s oil infrastructure.

President Donald Trump said late Friday that the US had “totally obliterated” military targets on Kharg Island, an island off the coast of Iran that is central to its oil empire.

“Moments ago, at my direction, the United States Central Command executed one of the most powerful bombing raids in the History of the Middle East, and totally obliterated every MILITARY target in Iran’s crown jewel, Kharg Island,” Trump wrote.

“Our Weapons are the most powerful and sophisticated that the World has ever known but, for reasons of decency, I have chosen NOT to wipe out the Oil Infrastructure on the Island,” he added.

“However, should Iran, or anyone else, do anything to interfere with the Free and Safe Passage of Ships through the Strait of Hormuz, I will immediately reconsider this decision,” Trump continued. “Iran has NO ability to defend anything that we want to attack — There is nothing they can do about it!”

Representatives for CENTCOM and the White House did not immediately respond to requests for comment from Business Insider.

What is Kharg Island?

Kharg Island is a small island in the Persian Gulf, located roughly 300 miles from the Strait of Hormuz, which is known for its significance to Iran’s oil production.

Refineries on the island process nearly all of the nation’s oil exports. Disruption to the facilities there could have a significant impact on the global oil shortage, further driving up costs.

This is a developing story. Please check back for updates.




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How a 162-year-old Turkish delight shop became a global dessert empire

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Hafiz Mustafa has been perfecting Turkish delight since 1864. Now with three factories and 24 locations, including in London and Dubai, the company is preparing for even greater expansion, with potential branches in the US.

But instead of franchising or mass-producing its sweets, Hafiz Mustafa insists on making everything fresh in-house to maintain authenticity. We visited Istanbul to see how this 162-year-old confectioner is protecting tradition while competing in the modern global dessert market.


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SpaceX ran a Super Bowl ad — a first for Elon Musk’s business empire

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  • SpaceX ran its first Super Bowl ad on Sunday, promoting its Starlink internet service.
  • It’s the first time any of Elon Musk’s companies have run an ad at the Super Bowl.
  • Tesla and SpaceX have avoided traditional advertising in the past, but that is beginning to change.

SpaceX has made its Super Bowl debut ahead of a potential record-breaking IPO.

The rocket company ran its first Super Bowl ad for its Starlink satellite internet on Sunday, the first time any of Elon Musk’s companies have run an ad at the showpiece event.

The 30-second spot features audio from a speech by legendary science-fiction author Arthur C. Clarke, set to footage of SpaceX’s Falcon 9 and Starship rocket boosters returning to Earth.

It shows Starlink operating in a series of remote locations and touts the satellite internet service’s mission of “fast, affordable internet, available everywhere.”

The ad marks a departure for Musk’s companies, which have in the past shunned advertising in favor of using the billionaire’s outspoken public persona for publicity.

Tesla reportedly laid off its entire marketing team during widespread workforce cuts in 2024, while SpaceX has typically relied on eye-catching rocket tests, such as its Starship booster catch, to boost its public profile.

Both companies have started running advertising in recent years across a number of platforms, including Musk’s X, and Starlink has previously featured in Super Bowl ads run by partners such as T-Mobile.

SpaceX running its own stand-alone Super Bowl ad is a significant development, with 30-second ad slots costing between $8 million and $10 million on average this year, per broadcaster NBCUniversal.

It comes as SpaceX gears up for a public offering later this year that could value the rocket company at as much as $1.5 trillion.

Last week, Musk announced that SpaceX would merge with his AI startup xAI, in a move the world’s richest man said would help launch a network of solar-powered orbital data centers to train powerful AI models.

SpaceX’s recent success has been driven in large part by Starlink, which uses a constellation of more than 9,000 low-orbit satellites to provide wireless internet. In December, the company said Starlink has 9 million customers and is active in 155 countries.




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