Trump Pushes Seizure of Iran's Oil, Kharg Island as War Drags On

Trump escalated rhetoric by advocating the seizure of Iran's oil and Kharg Island.

“Trump Floats Seizing Iran’s Oil: Regional Stability and Market Consequences BY MUFLIH HIDAYAT ON APRIL 3, 2026”

Discoveryalert

He compared this directly to the US's takeover of Venezuela's oil industry.

Economy Plus -

Trump dismissed Iranian defenses on Kharg, saying they have none.

He claimed indirect negotiations with Iran are going well despite public threats.

The US sanctioned 29 vessels tied to Iran's shadow fleet.

Iran maintained its closure of the Strait of Hormuz and threatened tolls.

Masrawy

Brent crude prices rose above $116 amid intensifying conflict.

Analysts warned of prolonged disruption depressing global growth.

Iran retaliated by firing ballistic missiles at Abu Dhabi and Dubai with at least two killed.

“Trump: We can easily seize Iranian oil, but our people's patience has run out”

Masrawy

The GCC council condemned Iran and urged it to release nuclear program files.

The UN Security Council convened but ended without action.

The conflict's geographical scope widened as the Houthi movement engaged militarily.

Trump declared the US must stay at war until oil is seized and Khamenei brought to justice.

Congressional Republicans mostly rallied, while Democrats pushed back.

Al-Shorouk Online

Only 27% of Americans approved of the strikes after a month of bombing.