Kharg Island is a small coral outcrop off the coast of Iran that handles around 90% of the country's crude oil exports, making it key to Tehran's economy.

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 announces U.S. plan to seize Iran's Kharg Island. Control changes by June 30 priced at 16.1% YES.