Trump Suggests Seizing Iranian Oil as War Risks Escalate

Good day, it's Monday, March 30th, 2026. I'm Alice Beth and this is your latest NEWS UPDATE from Global News Daily. U.S. President Donald Trump has suggested the United States could take the oil in Iran and potentially seize the countries main export hub, Karg Island. Karg Island handles the vast majority of Iran's oil exports, making it one of the most strategically important energy sites in the region. Any move to capture or disrupt it could have major global economic consequences. The remarks come as U.S. officials say troops are preparing for the possibility of ground operations, although President Trump added that a peace deal could still be reached fairly quickly.

Overnight, Trump said U.S. forces struck many long sought after targets inside Iran, while Israel confirmed it is continuing air strikes on Tehran. Iran, meanwhile, is warning of a fierce response. The country's parliament speaker says Iranian forces are waiting for American ground troops, vowing they would rain fire upon them if deployed. The economic impact is already being felt. Worldwide. Oil prices have surged past $115.00 a barrel, and analysts warn that food prices could also rise as fertilizer exports are disrupted by the conflict in the United Kingdom.

Prime Minister Keir Starmer is set to meet business leaders at Downing St. to discuss the growing economic fallout. For our deep dive and analysis, unlock the exclusive subscriber episode in Apple Podcast now. Please follow this show on Spotify, it really helps. Thanks for listening, Global News Daily.