Middle East Tensions Threaten Global Oil Supply Donald Trump Iran oil Kharg Island: President Donald Trump says the U.S. could “take the oil in Iran” and potentially seize Kharg Island, the country’s key oil export hub, as tensions escalate. Officials say troops are preparing for possible ground operations, although Trump added a peace deal could …
Tag: Strait of Hormuz crisis
Energy Briefs: Iran strikes, Venezuela deals, wind
Middle East energy infrastructure targeted in escalating conflict ** Iran hit more oil and fuel storage tanks in Dubai as it responded to the latest U.S. and Israeli attacks. One was near Dubai International Airport and a drone attack left an oil facility ablaze in the United Arab Emirates. Saudi Arabian oil installations were also …