Trump Threatens Iran's Kharg Island, Oil Prices Rise

President Donald Trump stated on Thursday that the United States would take control of Iran's oil and gas markets, specifically mentioning Kharg Island, which functions as the country's primary oil-export hub. This declaration included a threat of further strikes against Iran. Following President Trump's remarks, oil prices increased, approaching session highs.

By Fainaron·Jun 11, 2026 (a day ago)·1 views

Trump Threatens Iran's Kharg Island, Oil Prices Rise

President Donald Trump issued a statement on Thursday, indicating that the United States plans to assume control of Iran's oil and gas markets. His comments specifically named Kharg Island, identifying it as Iran's key oil-export hub.

Trump's declaration also included a threat of additional strikes against Iran.

Following these remarks, oil prices saw an increase, climbing toward session highs.

According to MarketWatch Top Stories, this development contributed to the rise in oil prices.

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Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by MarketWatch Top Stories. Read the original at MarketWatch Top Stories →

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Trump Threatens Iran's Kharg Island, Oil Prices Rise

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