Trump says U.S. will take Iran’s oil-export hub Kharg Island. Here’s what his threat really means.
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Summary
Oil prices climbed toward session highs Thursday after President Donald Trump threatened further strikes on Iran and said the U.S. would take control of the country’s oil and gas markets as well Kharg Island, its oil-export hub.
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President Trump just SIGNED a powerful executive order restricting mail-in ballots nationwide!
— 𝔉🅰𝒏 Karoline Leavitt (@WHLeavitt) June 8, 2026
This will take effect before the 2026 midterms.
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