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.

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News Daily.