In a social media post, Trump said the United States would strike Iran “VERY HARD TONIGHT” and declared that Washington would “assume total control” of Iran’s oil and gas sector, including the strategically important Kharg Island export terminal, at some point in the future.

Trump did not provide details on how such a move could be carried out. Kharg Island is the main hub for Iranian crude exports and a critical source of revenue for the country’s economy. The island is located off Iran’s Gulf coast and serves as a central artery for the nation’s energy shipments.

The comments came as the U.S. military launched a new wave of strikes against Iranian military targets, broadening a campaign that appeared more extensive than operations conducted a day earlier.

U.S. Central Command (CENTCOM) said American forces carried out additional strikes against Iranian surveillance systems, communications infrastructure and air defense facilities. According to the command, U.S. Marine Corps, Air Force and Navy assets employed precision-guided munitions against targets viewed as threats to American personnel and commercial maritime traffic in regional waters.

CENTCOM described the operations as defensive measures conducted in response to what it called continuing Iranian aggression.

Iran condemned the attacks, with the Foreign Ministry saying the latest U.S. military action effectively rendered a ceasefire that had held for nearly two months “practically meaningless.”

In a statement, the ministry said the strikes represented a violation of international norms and warned that responsibility for any serious consequences would rest with U.S. leaders.

Speaking at the White House, Trump said military pressure on Iran would continue while diplomatic channels remained open.

“We’re going to be attacking them very hard,” Trump told reporters, while reiterating his administration’s desire for a negotiated settlement.

The president said Washington sought an agreement that would permanently prevent Iran from acquiring a nuclear weapon. He claimed Tehran had accepted the principle of foregoing nuclear arms but said a final accord had not been concluded.

Defense Secretary Pete Hegseth echoed the administration’s warnings during a visit to the U.S. naval base at Guantanamo Bay, Cuba.

Hegseth said the strikes were intended to protect American forces and cautioned Tehran against escalating the confrontation further.

“Iran would be unwise to challenge us further,” he said.

The latest exchange has heightened concerns about a broader regional conflict involving the United States and Iran, while adding uncertainty to energy markets and international diplomatic efforts aimed at reducing tensions in the Middle East.

Despite the military escalation, U.S. officials continued to emphasize that diplomacy remains Washington’s preferred path, provided any future agreement includes lasting guarantees that Iran will not develop a nuclear weapons capability.

Citing U.S. officials familiar with the matter, the report said Trump concluded during a White House Situation Room meeting on Monday that both resuming bombing campaigns and fully stepping back from the conflict carried greater risks than maintaining a naval squeeze on Iran’s oil exports and shipping routes.

According to the report, Trump believes Iran is not negotiating in good faith and wants Tehran to suspend uranium enrichment for 20 years while accepting strict long-term restrictions on its nuclear activities. Officials said the administration views the blockade as a way to intensify pressure without immediately reopening large-scale military operations.

Trump signaled frustration publicly on Wednesday, writing on his Truth Social platform that Iran “can’t get their act together” and warning Tehran to “better get smart soon.”

“Iran can’t get their act together. They don’t know how to sign a nonnuclear deal.They better get smart soon!” Trump posted, alongside an image carrying the caption “NO MORE MR. NICE GUY!”The reported strategy would rely on the U.S. Navy continuing efforts to restrict vessels traveling to and from Iranian ports, further tightening pressure on oil exports that are central to Iran’s economy.

Analysts say the approach risks extending instability around the Strait of Hormuz, one of the world’s most critical energy transit routes.Oil markets reacted sharply to reports of a prolonged blockade, with Brent crude rising to a one-month high above $114 a barrel on concerns over sustained supply disruption and continued uncertainty over shipping through the Hormuz corridor.

The White House has not formally announced a policy shift, and Iranian officials have not publicly responded to the Wall Street Journal report.The decision suggests Washington may be preparing for a prolonged standoff in which active fighting remains limited but diplomacy remains frozen, leaving the conflict in what analysts describe as a “no-deal, no-war” phase.

Trump said he had ordered envoys Steve Witkoff and Jared Kushner not to travel to Islamabad, where mediation efforts had been centered following the arrival of Iranian Foreign Minister Abbas Araghchi for talks with Pakistani officials.

Speaking before departing Florida and later in comments to Fox News, Trump said the revised Iranian offer failed to meet U.S. expectations and dismissed the value of sending negotiators for extended talks.“I’ve told my people a little while ago they were getting ready to leave, and I said, ‘Nope, you’re not making an 18-hour flight to go there,’” Trump said, according to Fox News.

“We have all the cards. They can call us anytime they want.”In a post on Truth Social, Trump added that there was “tremendous infighting and confusion” within Iran’s leadership and said, “Nobody knows who is in charge, including them.”

The cancellation dealt a setback to mediation efforts in Islamabad, where Araghchi had concluded meetings with Pakistani leaders without direct contact with U.S. representatives.

Araghchi described the visit as “very fruitful,” while Iranian President Masoud Pezeshkian told Pakistani Prime Minister Shehbaz Sharif that Tehran would not accept what he called “imposed negotiations” conducted under threats or blockade.

Iran urged Washington to remove operational restrictions, including measures affecting Iranian ports, while maintaining that it would not accept maximalist demands.“Principally, Iranian side will not accept maximalist demands,” an Iranian diplomatic source in Islamabad told Reuters.

Tensions remain elevated across the region despite a ceasefire currently in force after a conflict that began on Feb. 28 with U.S.-Israeli airstrikes on Iran. Tehran later launched retaliatory strikes against Israel, U.S. military bases and Gulf states, escalating fears of a broader regional war.

The standoff has also disrupted maritime traffic through the Strait of Hormuz, a critical global energy corridor, while U.S. restrictions on Iranian oil exports remain in place, pushing energy prices to multi-year highs and adding pressure to global inflation and growth.

In Israel, Prime Minister Benjamin Netanyahu ordered forces to strike Hezbollah targets in Lebanon “forcefully,” testing a fragile three-week ceasefire and underscoring the broader instability surrounding the negotiations.

White House press secretary Karoline Leavitt had said earlier that Washington had seen some progress from Iran in recent days and hoped for further movement over the weekend.Vice President JD Vance, who led an earlier unsuccessful round of indirect talks in Islamabad this month, had also been prepared to travel again if negotiations advanced.

Defense Secretary Pete Hegseth said Iran still had an opportunity to reach an agreement if it made verifiable commitments on its nuclear program.“All they have to do is abandon a nuclear weapon in meaningful and verifiable ways,” Hegseth said.

Iran’s foreign ministry later confirmed that no direct meeting with U.S. officials had been planned during Araghchi’s visit and said Tehran would instead convey its position through Pakistan as mediator.

Even before the latest hostilities, analysts described Iran’s economy as deeply fragile, weighed down by sanctions, energy imbalances, inflation and declining exports. The impact of renewed strikes and the effective closure of Hormuz a critical artery for global energy shipments has sharply intensified those pressures.

The blockade threatens more than 90% of Iran’s annual trade, estimated at over $100 billion, according to analysts, cutting off vital oil exports that account for roughly 80% of government revenue. Estimates cited by experts suggest losses of around $435 million per day, potentially exceeding $13 billion monthly.

Energy infrastructure constraints are compounding the crisis. With limited storage capacity and continued production, Iran risks being forced to halt oil output within weeks, raising the possibility of long-term damage to oil fields and a permanent reduction in production capacity.

On the domestic front, economic indicators point to severe distress. The Iranian rial has sharply depreciated, while food inflation has surged into triple digits, eroding purchasing power and fueling social discontent.

Shortages of energy have also disrupted key industries such as steel, cement and petrochemicals.The blockade’s effects are further magnified by limited alternative trade routes. Infrastructure outside the Gulf, including overland corridors and non-Hormuz ports, can handle only a fraction of normal throughput, leaving Iran with few options to offset lost maritime access.

Internal divisions are also emerging over the management of foreign currency revenues and economic policy, with some officials warning that significant portions of export earnings are not reaching state coffers.

Former Iranian foreign minister Mohammad Javad Zarif has called for compromise, urging Tehran to consider limiting its nuclear program and reopening Hormuz in exchange for sanctions relief to prevent further economic deterioration.Analysts say the government’s response is driven less by economic logic than by strategic considerations.

Sanam Vakil of Chatham House said the conflict is viewed by Iran’s leadership as existential, limiting the likelihood of policy shifts despite economic strain.The longer-term outlook remains uncertain.

Researchers at Royal United Services Institute warn that postwar recovery could be hampered by damaged infrastructure, reduced access to regional financial networks and strained ties with Gulf partners, particularly the United Arab Emirates, a key trade hub for Iran.

With reconstruction costs expected to be substantial and trade channels constrained, the economic consequences of the conflict may prove more enduring than the military phase itself.

The measure, ordered by Crown Prince and Prime Minister Salman bin Hamad Al Khalifa, will cover salaries of insured Bahraini workers through the Unemployment Insurance Fund, as part of a broader government response to protect employment and support small and medium-sized enterprises.

The Gulf state has faced direct and indirect economic pressure from the conflict, including damage to industrial facilities, disruptions to shipping through the Strait of Hormuz and a decline in tourism and exports. Bahrain hosts the U.S. Navy’s Fifth Fleet and has been exposed to regional security risks during the hostilities.

Central bank measures have complemented fiscal support, with authorities injecting liquidity, easing lending conditions and allowing temporary deferrals on loan and credit card payments for businesses and households.

The Central Bank of Bahrain has also made funding available to banks against collateral to maintain credit flows.Analysts say the wage-support scheme reflects a shift in labor policy from post-crisis compensation to preemptive job protection.

Economists note that preserving employer-employee relationships during short-term disruptions can reduce long-term unemployment risks and support faster recovery.“By temporarily covering wages, it gives companies breathing space during short-term disruptions and reduces the need for immediate layoffs,” said Anthony Hobeika, managing partner at MENA Research Partners.

The approach mirrors measures adopted across the Gulf during the COVID-19 pandemic, when governments used unemployment insurance systems to subsidize private-sector wages. Bahrain itself implemented a similar program in 2020, while Saudi Arabia provided partial wage support under its SANED scheme.

Despite signs of economic resilience, including 3.5% GDP growth in 2025 driven largely by non-oil sectors, Bahrain’s fiscal position remains constrained. Moody’s Investors Service recently revised the country’s outlook to negative, citing deteriorating credit metrics and risks linked to the ongoing conflict.

The war has compounded structural vulnerabilities, including high public debt levels and limited fiscal space. Bahrain’s debt stood at roughly 140% of GDP before the conflict, according to external estimates.Regional support has also emerged, with the United Arab Emirates agreeing to a five-year currency swap arrangement worth about $5.45 billion to bolster liquidity and financial cooperation.

Economists caution that while wage subsidies can be effective in cushioning short-term shocks, their success depends on being temporary and targeted to avoid distorting labor markets.

Policymakers are expected to balance immediate job protection with longer-term goals of productivity and economic diversification.

Treasury Secretary Scott Bessent said the administration had cautioned governments and banks that continued transactions involving Iranian oil could trigger punitive measures. “If you are buying Iranian oil, that if Iranian money is sitting in your banks, we are now willing to apply secondary sanctions,” he told reporters at the White House.

The warning comes as the U.S. enforces a naval blockade on Iran that began earlier this week, with officials saying they expect the move to curb purchases by key buyers, particularly China, which has accounted for the majority of Iran’s seaborne oil exports.

Bessent said the Treasury had contacted two Chinese banks, warning that they could face sanctions if evidence shows Iranian funds moving through their systems. China’s embassy in Washington did not immediately respond to requests for comment.

Separately, the U.S. Treasury announced sanctions targeting Iran’s oil transportation network, including more than two dozen individuals, companies and vessels, as part of a broader effort to disrupt the country’s energy exports.

The measures follow the administration’s decision not to renew a 30-day sanctions waiver issued on March 20 that had allowed Iranian oil shipments already at sea to reach global markets.

The waiver, which Bessent said facilitated the delivery of about 140 million barrels, is set to expire on April 19.Washington has also allowed a similar waiver covering Russian oil shipments to lapse, reinforcing its broader sanctions enforcement strategy.

U.S. officials said letters had been sent to jurisdictions including China, Hong Kong, the United Arab Emirates and Oman, identifying financial institutions allegedly linked to Iranian transactions and warning of potential enforcement actions.

The steps are part of what the administration has described as a “maximum pressure” campaign aimed at curbing Iran’s oil revenues and limiting its ability to finance regional activities.

The bottleneck includes 12 very large gas carriers and 50 very large crude carriers, with only six ships transiting the strait between Tuesday and Wednesday, far below the typical daily average of around 120 vessels in peacetime, data from maritime analytics firm Kpler showed.

Limited movement has been permitted through a tightly controlled corridor near Iran’s Larak Island, with access largely restricted to vessels linked to Iran or countries maintaining favorable relations with Tehran. Lloyd’s List estimates that at least 48 ships have passed through the route since last week under such arrangements.

Iran imposed the blockade following strikes by the United States and Israel on Feb. 28, effectively constraining a waterway that normally handles about one-fifth of global oil and gas shipments. Shipowners granted passage have reportedly faced fees of up to $2 million per transit, although Tehran has indicated that vessels from allied nations may be exempt.

Malaysian authorities said tankers operated by companies including Petronas, Sapura Energy and MISC were awaiting clearance, with Iran assuring Kuala Lumpur that fees would be waived due to bilateral ties. Officials cautioned that heavy congestion could delay passage regardless of exemptions.

China said at least three of its vessels had recently transited the strait following coordination with relevant parties. Ship-tracking data indicated that two container ships exited the Gulf on a subsequent attempt while sailing in close formation and at increased speed, in what analysts described as the first such movement by non-Iranian container vessels since the escalation began.

A small number of other ships have also managed to leave, including a Greek-operated tanker carrying Saudi crude to India and several Indian-flagged liquefied petroleum gas carriers transporting essential cargo.

Shipping sources said some crews have adopted risk mitigation measures such as nighttime navigation or disabling tracking systems to reduce exposure to threats including mines, missiles and drones.Despite limited transits, exports from major Gulf producers such as Saudi Arabia and Qatar remain largely suspended, with hundreds of vessels and an estimated 20,000 seafarers still awaiting clearance in and around the Gulf.

A Pakistani oil vessel reached Karachi after successfully transiting the strait, while another shipment arrived via an alternative route. Officials said further deliveries could follow in the coming weeks.The disruption has intensified diplomatic efforts to reopen the waterway.

Britain is preparing to host talks involving around 35 countries to address maritime security, while China and Pakistan have jointly called for a ceasefire and urged all sides to ensure safe passage for commercial shipping.U.S.

President Donald Trump reiterated on Wednesday that Iran must lift the blockade, warning of potential military action if it fails to comply.

The move, reflected in an update by the Office of Foreign Assets Control, effectively removes restrictions that had limited Rodríguez’s ability to engage with U.S. companies and investors, and underscores Washington’s recognition of her as a legitimate governing authority.

Rodríguez said the decision could open a path toward improved bilateral relations. In a statement posted on her Telegram channel, she described the move as a step toward “normalizing and strengthening relations” and expressed hope that broader sanctions on Venezuela would eventually be lifted to enable deeper cooperation.

The policy change follows the Jan. 3 capture of Maduro and his wife in Caracas by U.S. forces. Both were transferred to New York to face drug trafficking charges and have pleaded not guilty.

Their detention prompted a political transition in which Venezuela’s ruling-party-aligned Supreme Court declared Maduro’s absence temporary and installed Rodríguez as acting president.

Rodríguez, who had previously been sanctioned by Washington during Donald Trump’s first administration, was among senior Venezuelan officials targeted in 2018 for their alleged role in undermining democratic processes after a widely disputed election. Her brother, Jorge Rodríguez, and other members of Maduro’s inner circle were also designated at the time.

Despite those earlier measures, the current administration has opted to engage directly with Rodríguez following Maduro’s removal. U.S. officials have backed her role in implementing a phased plan to stabilize the country’s political and economic system, including outreach to foreign investors and commitments to increased transparency and international arbitration.

The administration has also taken broader steps to ease restrictions on Venezuela’s economy. In March, the Treasury authorized state oil company Petróleos de Venezuela S.A. to resume direct sales to U.S. buyers and access global markets, reversing years of tight sanctions on the country’s energy sector.

In parallel, U.S. authorities have formally recognized Rodríguez as the sole head of state in an ongoing civil case in federal court, further consolidating her standing in Washington’s policy framework.Maduro, however, remains Venezuela’s legal president under the country’s institutional structure.

The Supreme Court’s ruling allows Rodríguez to govern for an initial 90-day period, which is set to expire Friday, with a possible extension to six months subject to approval by the National Assembly, which is controlled by the ruling party and led by her brother.

The developments highlight an evolving U.S. approach toward Venezuela, balancing legal proceedings against Maduro with pragmatic engagement aimed at restoring economic activity and political stability in the oil-rich nation.

Regional governor Alexander Drozdenko said in a statement on social media that 38 drones were intercepted overnight and that the port, located on the Gulf of Finland, sustained fresh damage for the third time in a week.

He did not specify the extent of the damage.Repeated strikes on export hubUst-Luga is a major node for Russian exports of fertilizers, oil and coal, and has been targeted multiple times in recent days.

Russian authorities previously reported fires at the port following drone strikes on Sunday and Wednesday.The latest attack underscores growing pressure on infrastructure tied to Russia’s export revenues, which Kyiv has increasingly targeted as part of its military strategy.

Ukraine has stepped up long-range drone operations against Russian facilities, including refineries, oil depots and ports. Officials in Kyiv say such strikes are intended to disrupt revenue streams that support Moscow’s military campaign.

President Volodymyr Zelensky has defended the attacks as a proportionate response to Russia’s offensive, though Ukrainian authorities did not immediately comment on the latest incident.

Efforts to negotiate an end to the conflict have faltered, with talks between Moscow and Kyiv, brokered by the United States, losing momentum. Diplomatic attention has been diverted by intensifying hostilities in the Middle East, further complicating prospects for de-escalation in the four-year war.

Russia has not provided additional operational details on the overnight interceptions or potential disruptions to port activity.

In a statement, the United States Department of State said Rubio expressed “gratitude” to the KRG for enabling oil from Iraq, including from the Kurdistan region, to reach international markets at a time when global prices have been unsettled by the conflict.

Rubio also conveyed condolences to families of Kurdish Peshmerga fighters killed in a March 24 missile attack and wished a speedy recovery to those injured. Kurdish authorities said at least six fighters were killed and about 30 wounded when missiles struck a military base north of Irbil.

A Peshmerga statement attributed the attack to Iran, describing it as a “treacherous attack” involving ballistic missiles targeting a headquarters facility in Iraqi Kurdistan.

The Iran war, which began on February 28 following U.S. and Israeli strikes on Iran, has widened into a broader regional confrontation. Tehran has since launched retaliatory attacks on Israel and Gulf states hosting U.S. bases, while Israeli strikes have extended into Lebanon.

The escalation has rattled global markets, particularly oil, as supply routes and production hubs face heightened risk.Policy signals from WashingtonU.S.

President Donald Trump has offered varying objectives for the conflict, ranging from regime change in Iran to degrading its military and missile capabilities.

On Thursday, he said he believed his side had prevailed in the war, even as hostilities and their economic fallout continue.

The call with Kurdish leadership highlights Washington’s focus on maintaining energy flows and regional partnerships amid ongoing instability.