Everyone should keep an eye on this Persian Gulf island
It may become wildly important to markets in an Israeli-Iran War.
Kharg Island is a small island in the Persian Gulf.
It lies 16 miles off the northwest coast of Iran. It's 451 miles from Tehran, Iran's capital — roughly the distance from Detroit to New York City.
It is just five miles long, about 40% the size of New York's Manhattan Island. And 125 from Iran's border with Iraq.
