Trump threatens to seize Iranian island vital to oil exports, as ceasefire teeters

U.S. President Donald Trump threatened to launch major strikes on Iran and seize control of its oil industry, including the vital Kharg Island oil terminal, as efforts to negotiate a ceasefire remain stalled. Iran's parliamentary speaker warned that impulsive decisions could disrupt energy markets, while Trump compared his threat to the U.S. takeover of Venezuela's oil sector.