U.S. airstrikes on March 14 targeted over 90 Iranian military sites on Kharg Island—home to the country's primary oil export terminal handling 90% of crude shipments—but explicitly spared oil infrastructure, allowing exports to continue uninterrupted despite initial explosions and Iranian claims of no damage. President Trump warned of additional strikes should Iran fail to reopen the Strait of Hormuz, amid heightened Persian Gulf tensions and Tehran's vows of retaliation, including potential proxy actions via Houthis. No verified kinetic strike has hit the terminal itself since late February, with satellite-detected thermal anomalies in recent days unconfirmed; traders eye escalation risks through the March 31 deadline, including possible Israeli or further U.S. military actions.