Trump has threatened to "obliterate" Kharg Island if a deal with Iran is not reached shortly. His interest in the key oil hub dates back decades, long before his presidency and the current war. Here's what to know.

Israel and several Persian Gulf nations reported a new influx of drone and missile launches toward them early Thursday morning, hours after President Trump asserted in a national television address that the U.S. military campaign against Iran was an overwhelming success and “near completion.”

The Middle East conflict has entered its fifth week, with attacks expanding across the region and raising risks to energy and infrastructure.

On Wednesday, President Donald Trump gave a televised White House address at 9 p.m. ET, offering an update on the ongoing U.S.-Israel conflict with Iran. Trump Opens Address Praising NASA's Artemis II Launch Trump began his about 20-minute national address by praising NASA for the successful launch of Artemis II,

President Donald Trump said Sunday that he would like to "take the oil in Iran" and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran's oil exports

Energy markets remain volatile as President Trump threatens Iran with an invasion to seize its oil while also suggesting a deal could soon end the war.

President Trump’s statements about continuing to strike Iran spooked investors, though markets recovered after reports that Oman and Iran were in talks to monitor Strait of Hormuz traffic.

Sanctioned traders, including Hossein Shamkhani, have been able to move oil through the Strait of Hormuz and exploit higher prices.

Oil prices surged by more than 60% in March as the U.S.-Iran war raged on.