Trump reportedly warns to 'take the oil in Iran' as Tehran targets water, power plants in Kuwait
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The Middle East conflict has entered its fifth week, with attacks expanding across the region and raising risks to energy and infrastructure.
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In this article @LCO.1 Follow your favorite stocks CREATE FREE ACCOUNT Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island. - | Afp | Getty Images U.S. President Donald Trump said he could "take the oil in Iran" and seize Iran's export hub of Kharg Island, as hostilities in the Middle East continued into its fifth week. Trump told the Financial Times on Sunday that his "preference would be to take the oil," comparing it to the U.S. military operation in Venezuela earlier this year where the U.S. effectively gained control of the Latin American country's oil industry, following the capture of its leader Nicolas Maduro. Trump's comments come as the conflict between U.S.-Israel and Iran entered its fifth week, with attacks expanding across the region, raising risks to energy and infrastructure, and sending crude oil prices surging. May futures for international benchmark Brent crude rose 2.92% to $115.86 per barrel during early Asia hours, while U.S. West Texas Intermediate futures were 3.20% higher at $102.80 per barrel. The Washington Post reported Saturday night that the Pentagon was preparing for weeks of potential ground conflict in Iran as thousands of U.S. troops arrive in the region. watch now VIDEO 3:22 03:22 Why the coming weeks in the Iran war are pivotal for the U.S. economy Markets and Politics Digital Original Video Signaling further escalation, critical infrastructure in the region has come under fire. In a social media post on Monday morning, Kuwait said a service building at a power generation and water desalination plant were damaged in an attack Sunday evening, killing one worker. The country said the facility was targeted as part of what it described as Iranian aggression aga...
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