“Great progress” has been made in talks to end the war, Trump said Monday morning, but he warned of grave action ahead if a “deal is not shortly reached” and if the vital Strait of Hormuz waterway “is not immediately open for business.”
The U.S. President’s threat comes as oil continues to be used as a geopolitical bargaining chip in the Iran war which is in its 31st day.
Trump has previously threatened Iran to reopen the Strait, but the crossing remains largely unstable.
Trump’s threat Monday morning to "obliterate" Kharg Island if a deal is not reached comes after he has referenced seizing the key oil terminal on a number of occasions.
Here’s a breakdown of what Trump has previously said about Kharg Island and why the oil hub is of such strategic importance:
“Maybe we take Kharg Island, maybe we don’t. We have a lot of options,” Trump told the Financial Times in an interview published Sunday.
The U.S. President said his “preference would be to take the oil,” referencing the U.S. control over oil sales in Venezuela.
Trump targets “Iran’s crown jewel” in strikes and threatens more action
On March 13, Trump announced the U.S. had “executed one of the most powerful bombing raids in the history of the Middle East” and had “totally obliterated every military target in Iran’s crown jewel, Kharg Island.”
In an interview the following day, Trump said “we may hit” Kharg Island “a few more times, just for fun.”
Trump said the decision to avoid strikes on oil infrastructure was for the “purposes of someday rebuilding that country” and remarked that he guessed “we did the right thing.”
Trump said he would “do a number on Kharg Island” in a decades-old interview
Trump expressed interest in Kharg Island years before he held the presidency.
When asked how he would deal with Iran as Commander-in-Chief, Trump said: “I’d be harsh on Iran. They’ve been beating us psychologically, making us look a bunch of fools.”
During much of the 1980s, Iran and Iraq were at war and targeted each other’s oil tankers in the Persian Gulf. While several vessels were destroyed and sunk during the so-called Tanker War, the impact on the global economy and oil supply was not nearly as severe as the current conflict, experts told TIME.
“Let's say I was gonna do it, or let's say I wasn't gonna do it. What would I say to you?" he said.
Infographic with satellite images of the Gulf, Strait of Hormuz, and Kharg island, a vital hub for Iran's crude oil exports. —Graphic by Omar Kamal and Gal Roma—Getty ImagesWhy is Kharg Island so strategically important?
Net oil export revenue for the island was worth around $53 billion in 2025, making up 11% of Iran's annual GDP, according to one analyst. TIME has been unable to independently verify these figures.
If the U.S. were to strike and destroy the island's energy infrastructure, it would likely "invite massive Iranian retaliation on the energy infrastructure of the Arab States of the Persian Gulf, beyond what we have seen so far," Amir Handjani, a resident fellow at the Quincy Institute, told TIME.
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