US President Donald Trump said Thursday the United States will take Iran’s Kharg Island and other oil infrastructure in the country, amid a deadlock in peace talks between the two nations.

Trump said the forthcoming operations to take over Iran's oil infrastructure, and its oil and gas markets, would be similar to U.S. actions in Venezuela.

Trump floated seizing Iran's Kharg Island, which handles 90% of Iran's oil exports. Bitcoin held steady near $71K while the US froze $344M in crypto tied to