Trump raises prospect of taking Iran’s oil and again weighs seizing Kharg Island
President Donald Trump has raised the prospect of the US taking Iran's oil and is considering seizing key fuel hub Kharg Island. The destruction of a US Air Force E-3 Sentry aircraft in an Iranian strike on a Saudi Arabia air base could damage US abilities to spot incoming Iranian threats at distance.
The US and Iran are engaged in a conflict that is affecting global oil supplies. The Strait of Hormuz remains closed, blocking Middle Eastern oil from flowing to the rest of the world. Asia is feeling the impact first, with oil shipments from the Persian Gulf reaching the region in 10 to 20 days. The US has substantial domestic production, but may still face higher prices. The destruction of a US Air Force E-3 Sentry aircraft in an Iranian strike could damage US surveillance capabilities.
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