Trump threatens strikes on Iran and targets Kharg oil terminal
Why it matters: Kharg Island handles about 90% of Iran's oil exports, raising the risk of a wider energy shock.
President Donald Trump threatened major new strikes on Iran and said the United States could take control of Iran's oil and gas sector, including the Kharg Island export terminal, as fighting entered a second straight day. U.S. attacks into Thursday appeared broader than the previous round, while Iran said it fired back at Kuwait, Bahrain and Jordan, all of which host American-linked regional positions. Kharg Island is central to Iran's oil trade, with roughly 90% of exports moving through the terminal. The escalation came as ceasefire efforts stalled and Tehran said the U.S. attacks had effectively stripped the truce of meaning, deepening fears of a wider regional war and more disruption around the Strait of Hormuz.