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macroJun 11, 2026, 12:25 PM

Trump Vows to 'Hit Iran Very Hard Tonight,' Seize Kharg Island and Oil Markets

President Trump announced plans to strike Iran imminently, seize Kharg Island, and assume total control of Iran's oil and gas markets, drawing parallels to U.S. actions in Venezuela.

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President Trump has issued a stark warning, stating the US will be "hitting Iran very hard tonight" and plans to take control of Kharg Island in the "not too distant future." He further declared that the US will assume total control of Iran's oil and gas markets, comparing it to the approach taken in Venezuela.

The announcement, reported by The Kobeissi Letter, signals a major escalation in US-Iran tensions. Kharg Island is a critical hub for Iranian oil exports, and any military action there could severely disrupt global crude supplies.

Markets are likely to react sharply to this geopolitical risk, with crude oil prices expected to spike on supply disruption fears. The aggressive tone suggests a significant shift in US foreign policy toward Iran, potentially leading to further instability in the Middle East.

Source: The Kobeissi Letter