March 29, 2026

U.S. President Donald Trump said he could “take the oil in Iran” and seize Iran’s export hub of Kharg Island, as hostilities in the Middle East continued into its fifth week.

Trump told the Financial Times on Sunday that his “preference would be to take the oil,” comparing it to the U.S. military operation in Venezuela earlier this year where the U.S. effectively gained control of the Latin American country’s oil industry, following the capture of its leader Nicolas Maduro.

Trump’s comments come as the conflict between U.S.-Israel and Iran entered its fifth week, with attacks expanding across the region, raising risks to energy and infrastructure, and sending crude oil prices surging. 

Read more:

https://www.cnbc.com/2026/03/30/trump-iran-oil-middle-east-war-israel-us-kuwait-attack-.html