Trump Declares Intent to Control Iran Oil, Futures Contract Prices Surge to $115

The situation in the Middle East has once again entered a critical phase after President Trump openly expressed his desire to take over Iran's oil, citing a report from Financial Times (FT). Trump is even reportedly considering seizing Kharg Island, the heart of Iran's export operations, which supplies nearly 90% of Iran's oil. This provocative statement has sparked speculation of a large-scale ground operation by the U.S., which was immediately responded to by the market with futures oil contract prices soaring to $115 per barrel, while crude oil prices remain at $103.
Amid preparations for such an invasion, Channel 12 Israel reported that the Israeli military will not participate in a ground operation if the U.S. attacks Iran. This cautious stance from a key ally forces Washington to bear the battle alone. The escalation is further intensified with the involvement of Yemen's Houthi group, which officially launched ballistic missiles toward Israel and threatens to blockade global shipping routes through the Bab al-Mandab Strait.
The world's focus is now on the threat of simultaneous paralysis of two of the most strategic energy routes. If the Bab al-Mandab closure occurs alongside the U.S. occupation of Kharg Island, global energy supplies are certain to experience unprecedented shocks. This crisis places the global economy, especially in Asia, on high alert amid increasing security uncertainties and unpredictable energy security risks.

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