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What historical significance does Qeshm Island hold?

In the 14th century Qeshm was the capital of the ruler of Hormuz. It was a valuable post for trade and in the 17th century it changed hands many times among Persian, Portuguese, British, and Dutch empires. In the 18th century it was caught in the Persian Gulf scuffles between the Persians, the Āl Bū Saʿīd dynasty (of Oman), and the Qasimi dynasty (one of the ruling dynasties of the United Arab Emirates) until the Persian Gulf came under British paramountcy. Today it holds strategic military importance for Iran.