Trump discussed seizing Kharg Island in meeting yesterday: WSJ

President Donald Trump reiterated his administration’s interest in seizing Kharg Island during a meeting on July 14, 2026, according to a report by the Wall Street Journal. The island, located in the northern Persian Gulf, serves as the primary hub for Iran’s oil exports, handling approximately 90% of the country’s crude shipments. Trump has previously indicated that the U.S. could take control of the island to disrupt Iran’s oil infrastructure and stabilize global energy markets.

The U.S. military has already conducted strikes on Kharg Island, targeting military installations while sparing oil infrastructure. Trump has warned that if Iran continues to restrict shipping through the Strait of Hormuz, the U.S. may reconsider its approach and expand the scope of operations to include oil facilities. Such a move could significantly impact global oil prices, as Iran holds roughly 12% of the world’s oil reserves and contributes about 4% to global oil supply.

Kharg Island is strategically important due to its deepwater terminals and proximity to major oil-producing regions in Iran. Analysts suggest that seizing the island could cut off a critical revenue source for Iran, which derives nearly half its government income from oil and gas. However, the operation would also carry risks, including potential Iranian retaliation and challenges in resupplying U.S. forces in the region.

The Trump administration has also imposed a blockade on Iranian oil exports and is seeking to establish control over the Strait of Hormuz, a key global energy chokepoint. The ongoing conflict has already led to a decline in shipping traffic through the strait, raising concerns about further disruptions to global oil markets.