President Trump signals intent to seize Iranian oil as conflict escalates

Mar 30, 2026, 12:03:19 AM UTC(22 hours ago)

Impact: Very High

Affected Assets

President Trump has publicly stated his desire to take the oil in Iran as part of a broader strategy to eliminate perceived threats from the Iranian government.
Global oil prices surged following the announcement with Brent crude rising roughly 5.7 percent to reach 108.01 dollars per barrel.
The Financial Times reports that the administration is facing scrutiny over suspicious trading patterns where 580 million dollars in oil futures were traded minutes before official policy shifts.
The U.S. has extended a deadline to April 6 for Iran to reopen the Strait of Hormuz or face targeted strikes on its power plants and energy infrastructure.
Major U.S. stock market indexes including the S&P 500 suffered their largest daily declines of 2026 in response to the heightened regional tensions.

JUST IN: 🇺🇸🇮🇷 President Trump says he wants to "take the oil in Iran," FT reports. https://t.co/BbMn0I0C7F