Brent crude hits $116 a barrel after Trump says he wants to ‘take the oil in Iran’

March 30, 2026 · The Guardian

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Trump is floundering as he looks to chicken out
Investors were betting on another of Donald Trump’s TACO moments with the Iran war, but it isn’t going to plan.
Trump claims Iran gave in to US demands, considers seizing oil
Taking Iran’s oil would require a risky military operation involving the invasion and occupation of its main export hub,
Oil price rises past $116 as Iran conflict worsens
Prices for Brent crude climb 3 per cent during early trading in Asia