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AAP
AAP
Business
JON GAMBRELL and AAMER MADHANI (Associated Press)

Trump threatens to seize Iranian island vital to oil exports, as ceasefire teeters

DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump threatened Thursday to launch major strikes on Iran and seize control of its oil industry as escalating attacks between the countries pushed the Middle East closer to the resumption of a full-scale war.

Trump said in a social media post that the U.S. would hit Iran "VERY HARD TONIGHT" and would "assume total control" of Iran's oil and gas industries, including the vital Kharg Island oil terminal, in the "not too distant future."

The American leader's latest threats came as efforts to negotiate an end to the war appeared stuck. Trump has voiced his frustration with the stalled negotiations, warning earlier in the week that Tehran would "pay the price" for taking too long to reach a deal.

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