Image: The US Sun

Trump Threatens to Seize Iran's Oil, Kharg Island as Brent Hits $116

30 March, 2026.Iran.16 sources

Key Takeaways

Trump threatened to obliterate Iran's energy infrastructure, including oil wells and Kharg Island.
Threats accompany ongoing negotiations over a ceasefire and Hormuz reopening.
Oil prices surged as the conflict persisted, with Brent around $114-$116 per barrel.

Trump Threatens to Take Oil

Trump told the Financial Times his preference would be to take Iran's oil.

“United States President Donald Trump said on Sunday that he wishes to “take the oil” in Iran, as the US-Israel war against Iran enters its second month”

Al Jazeera

Kharg Island processes 90% of Iran's total oil exports.

Al Jazeera

Trump has ordered 10,000 trained soldiers to seize and hold territory.

Oil Prices Surge

Brent crude topped $116 per barrel on Monday.

About a fifth of the world's oil was typically transported through the Strait of Hormuz.

BBC

The US move to seize oil assets would mark an unprecedented step.

Deployment of 10,000 Troops

Trump has ordered the deployment of 10,000 trained soldiers to the Middle East.

“What to know about the Iran war today: - President Trump continues suggesting a deal to end the Iran war could come soon, but as Tehran downplays the prospects of and global oil prices soar again, he's also renewing his threat to strike Iranian power plants and other civilian infrastructure”