Trump Considers Taking Iran's Kharg Island, Axios Says

Watch on YouTube ↗  |  March 20, 2026 at 13:40  |  1:36  |  Bloomberg Markets

Summary

  • Axios reports the US is considering an operation to occupy Iran's Kharg Island, with no final decision made.
  • The US aims to degrade Iran's military capabilities around the Strait of Hormuz before any potential action.
  • Disruptions continue in the Strait of Hormuz, a key chokepoint for global oil shipments.
  • US Treasury Secretary Scott Bessent suggested Kharg Island could become a US asset.
  • Kharg Island ships out approximately 90% of Iranian crude exports; Bloomberg imagery indicates loadings have continued largely unabated.
  • Last Friday, the US confirmed hitting military targets on Kharg Island; President Trump stated "we can take the island anytime we want."
  • The US has deployed additional assets, including the 31st Marine Expeditionary Unit, a 2,400-troop force specialized in amphibious operations.
  • President Trump said he is not deploying ground troops but was ambiguous, leaving room for speculation.
  • The White House and Israel have vowed not to target energy infrastructure.
  • Iran pressed ahead with attacks on regional allies, including Kuwait, the UAE, and Saudi Arabia.
  • The situation remains highly uncertain, with potential for escalation impacting regional stability and oil markets.
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