Trump announces US will strike Iran and seize its oil and gas resources

President Donald Trump announced on June 11, 2026, that the United States will launch a new military strike against Iran and intends to seize control of the country's oil and gas resources. The announcement was made via a post on Truth Social, where Trump stated the US would target Iran's navy, air force, radar, air defense, and other military capabilities. He drew a parallel to the US actions in Venezuela following the arrest of Nicolás Maduro. The statement came as Trump spoke to reporters before boarding Air Force One at John F. Kennedy International Airport in New York. This escalation marks a significant increase in tensions between the US and Iran, with potential implications for global energy markets and Middle East stability.

Global Impact

Economically, a US takeover of Iranian oil and gas would disrupt global energy markets, potentially spiking oil prices and triggering a supply crisis, especially for Asian importers reliant on Iranian crude. Politically, this move could isolate the US further, strain relations with European allies, and provoke retaliation from Iran or its proxies, escalating into a broader regional conflict.