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Trump says US will hit Iran 'very hard,' take control of energy infrastructure - Headlines news and analysis from Global Banking & Finance Review
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Trump says US will hit Iran 'very hard,' take control of energy infrastructure

Published by Global Banking & Finance Review

Posted on June 11, 2026

1 min read

· Last updated: June 11, 2026

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Finance Banking Markets Politics Energy

Trump Vows US Will Take Control of Iran's Oil and Gas Infrastructure

US Plans for Iran's Energy Sector

Trump's Statement on Imminent Action

WASHINGTON, June 11 (Reuters) - The United States will hit Iran "very hard tonight" and will soon take control of the Middle Eastern country's oil and gas infrastructure and markets, U.S. President Donald Trump said on Thursday.

Details on Targeted Infrastructure

"At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela," Trump said on Truth Social.

Reporting and Editorial Credits

(Reporting by Katharine Jackson; editing by Susan Heavey and Doina Chiacu)

Key Takeaways

  • Trump’s threats escalate U.S.–Iran tensions amid ongoing strikes, with the U.S. military targeting Iranian military assets for at least the second consecutive night (apnews.com).
  • Kharg Island handles roughly 90% of Iran’s crude exports and has already been bombed by the U.S.—targeting military sites but sparing oil infrastructure—for strategic leverage (investing.com).
  • Trump’s comparison to Venezuela references U.S. control over that country’s oil industry, where U.S. authorities manage revenue despite lacking transparency and clear post-intervention plans (cfr.org).

References

Frequently Asked Questions

What action did President Trump announce regarding Iran's oil infrastructure?
President Trump announced that the US will soon take control of Iran's oil and gas infrastructure and markets.
Which specific Iranian asset did Trump mention?
Trump mentioned Kharg Island as a specific oil infrastructure point the US plans to take.
How did Trump compare the US plan for Iran to other interventions?
Trump compared the planned action in Iran to the US assuming control over Venezuela's oil and gas markets.
Where did President Trump make this announcement?
Trump made the announcement on Truth Social.

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