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Price of oil hits $116 a barrel after Trump says he wants to ‘take the oil in Iran’

Mar 30, 2026Center Left

Stock markets in Asia drop sharply, with investors nervous over escalation of Middle East conflictBusiness live – latest newsThe price of oil has risen sharply to $116 a barrel after Donald Trump said he wanted to “take the oil in Iran”, sending Asian stock markets tumbling.Brent crude, the international benchmark for oil, rose by 2% in early trading on…

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‘My favorite thing is to take the oil’: Trump goes off script on Iran war plans

President Donald Trump made several telling remarks Sunday in an interview with the Financial Times, revealing some of his administration’s potential war plans as it relates to Iran.“To be honest with you, my favorite thing is to take the oil in Iran but some stupid people back in the US say: ‘why are you doing that?’ But they’re stupid people,” Trump told…

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Trump says his 'preference' would be to 'take the oil in Iran'

President Donald Trump said Sunday that he would like to "take the oil in Iran" and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran's oil exports

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Live updates: Trump says US could take Iran's oil amid ground operation reports

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Trump said he believes the U.S. could easily take over Kharg Island, the heart of Iran's oil industry, because it has "no defense."

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Trump says ‘my favorite thing is to take the oil in Iran’

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Trump says ‘my favorite thing is to take the oil in Iran’

President Trump on Sunday suggested his priority in Iran is taking control of the country’s oil industry as he weighs next steps one month into the war he launched with Israel. “To be honest with you, my favorite thing is to take the oil in Iran but some stupid people back in the US say:…

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President Trump has said the US could take Iran’s oil – as he mulls over a daring operation to seize one of the Islamic Republic’s energy strongholds.

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Trump states ‘preference’ to take oil from Iran like with Venezuela

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Trump states ‘preference’ to take oil from Iran like with Venezuela

President Donald Trump on Sunday said he is open to taking over Iran’s oil industry, as his administration did in Venezuela. “To be honest with you, my favourite thing is to take the oil in Iran, but some stupid people back in the US say: ‘Why are you doing that?’ But they’re stupid people,” he…

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Trump Says U.S. Could 'Take the Oil in Iran'

Donald Trump has said he wants to "take the oil in Iran" and could seize the export hub of Kharg Island, as the US sends thousands of troops to the Middle East.

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