Trump eyes Iran oil seizure, threatens strikes if ceasefire isn't reached 'shortly'
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Published on March 30, 2026.
President Donald Trump has hinted at the possibility of seizing Iran's oil, suggesting that U.S. forces could take control of Kharg Island. The move would likely involve capturing Kharg island, which carries roughly 90% of Iran's crude exports. In an interview with the Financial Times, Trump also stated that the U.K. has identified about 3,000 potential targets in Iran and indicated openness to diplomacy. He also warned of strikes if a ceasefire isn't reached quickly. Iran has responded by denying direct negotiations and criticising the claims. In Europe, Spain has closed its airspace to US aircraft involved in the conflict and announced that it will not allow American forces to use Spanish bases or airspace for operations related to the war.
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