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Trump threatens Iran with severe economic sanctions and oil industry takeover.

June 16, 2026
Trump threatens Iran with severe economic sanctions and oil industry takeover.
Vahid Salemi/AP

IN A SHOCKING DEVELOPMENT, President Donald Trump has just tweeted that the U.S. will unleash a devastating attack on Iran "TODAY" - with the President threatening to "assume total control" of Iran's oil and gas industries, including the strategic Kharg Island. The post comes as the U.S. and Iran engage in a second day of airstrikes, pushing the Middle East closer to a full-blown war.

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