Trump threatens to take 'total control' of Iran's oil industry as ceasefire teeters

U.S. President Donald Trump threatened to launch major strikes on Iran and seize control of its oil and gas industries, including Kharg Island, as the U.S. and Iran exchanged strikes, pushing the Middle East closer to war. Iran closed the Strait of Hormuz, disrupting global energy supplies, while the U.S. military continued enforcing a blockade of Iranian ports.