I would love to take Iran’s oil – Trump

Trump

US President Donald Trump says his preference would be to take the oil in Iran as the Islamic Republic continues to engage in strikes and counter strikes against Israel and the United States.

Iran is a member of the Organisation of Petroleum Exporting Countries (OPEC). With about 208 million barrels as of 2024, it holds the world’s third largest proven crude oil reserves just after Venezuela and Saudi Arabia.Iran also control’s the Strait of Hormuz, a sea passage where about 20 percent of the world’s oil is shipped through.

But much of the critical waterway has been shut off by Iran’s de facto blockade, squeezing shipping traffic to a trickle since the war began last month.

The US and Iran have threatened each other over the strait. Trump has demanded a total reopening while Iran maintains that it calls the shots.

In a Sunday interview with the Financial Times, Trump said he would rather take the Islamic Republic’s oil, an ambition outside his publicly declared war goals in the Middle Eastern country. Thecable