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Reading: Trump Declares Possible Move on Taking Over Iran’s Oil Hub
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Trump Declares Possible Move on Taking Over Iran’s Oil Hub

By
Adamu Abubakar Isa
ByAdamu Abubakar Isa
Web content creator, social media manager
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March 30, 2026 - 10:43 am
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WASHINGTON D.C., USA – Fresh tensions are rising between the United States and Iran after Donald Trump reportedly considered the possibility of taking control of Kharg Island, the country’s main oil export facility.

Okay News reports that the crisis is already impacting global markets, with oil prices surging past $116 per barrel, nearing a four-year high. Analysts warn that any attempt to seize Kharg Island could significantly disrupt global oil supply and deepen the conflict.

The development comes amid an ongoing conflict that has now stretched beyond a month, with increased military activity across the region. Reports indicate that additional U.S. troops have been deployed to the Middle East, fuelling speculation about a potential escalation into a broader confrontation. Strikes have also been reported in key locations, including Tehran and Beirut.

The situation has also recorded military losses on both sides, including the downing of a U.S. surveillance aircraft and the death of a senior Iranian naval commander. While diplomatic efforts are ongoing, including mediation attempts by regional actors, concerns remain high that further escalation could trigger wider instability across the Middle East.

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