Back to today’s briefing

Story perspectives

Trump threatens Kharg Island strike; Iran shuts Hormuz

6/11/2026

50 4 Full Breakdown

Summary

Story summary

President Donald Trump said on June 11 the U.S. will hit Iran “very hard tonight” and take Kharg Island.
Kharg Island, about 20 miles off Iran’s coast, handles 85–95% of its crude exports.
Attacks could lift global oil prices by roughly 30%.
Iran announced a full closure of the Strait of Hormuz, through which about 20% of world oil passes.

History

Historical Context

In October 1973 OAPEC, including Saudi Arabia, cut output and raised oil prices about 70%, then imposed an embargo on the United States to punish its arms shipments to Israel. The shock spiked world oil prices and reshaped U.S. energy policy. President Trump’s 2024 threat to seize Iran’s Kharg Island echoes that same use of oil chokepoints to exert political pressure.

1 of 2

Story summary

President Donald Trump said on June 11 the U.S. will hit Iran “very hard tonight” and take Kharg Island.
Kharg Island, about 20 miles off Iran’s coast, handles 85–95% of its crude exports.
Attacks could lift global oil prices by roughly 30%.
Iran announced a full closure of the Strait of Hormuz, through which about 20% of world oil passes.

1 / 2