The Financial News

The Financial News

Massive Oil Spill Near Iran’s Kharg Island Raises Alarm Across Gulf as Slick Threatens Arab Coasts


A massive oil spill near Kharg Island is raising fresh alarm across the Persian Gulf, as satellite images show crude spreading rapidly into surrounding waters. Experts estimate up to 80,000 barrels may have leaked, with the slick expanding over 20 square miles between May 6–8. Analysts warn the spill could soon reach coastlines of Saudi Arabia, Qatar, and the United Arab Emirates, posing serious environmental and economic threats.

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