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Updated 2026-03-20 10:05 UTC
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Trump weighs risky bet on Kharg Island in ‘game of chicken’ with Iran

President Trump is reportedly weighing a potential seizure of Iran's Kharg Island oil terminal to force Iran's hand in reopening the Strait of Hormuz. This comes after Israel agreed to stop targeting Iranian energy infrastructure following Trump's rebuke, amid escalating attacks on Gulf energy assets. Oil and gas prices have surged as the Iran conflict enters its third week, with Gulf states caught between U.S. pressure and Iranian retaliation.

The Strait of Hormuz is a critical chokepoint for global oil shipments, and any military action involving Iranian oil infrastructure could dramatically affect worldwide energy prices. A potential U.S. ground operation to seize Iranian territory would mark a significant escalation in an already volatile regional conflict.
Administration position

Trump officials maintain they won't restrict U.S. oil and gas exports despite rising prices, with top energy officials meeting with oil executives to address the crisis. The administration appears to be considering direct military action to secure critical shipping lanes and force Iran to back down.

Critics say

Some observers question whether Trump has lost influence over Israel's actions or is misrepresenting his control over the situation. They argue that a ground operation to seize Iranian territory would be an extremely risky escalation that could backfire and further destabilize the region.