Brent crude hits $116 a barrel as Trump threatens to ‘blow up’ Iran’s oilwells and export hub

Donald Trump told the FT: ‘Maybe we take Kharg Island, maybe we don’t. We have a lot of options.’Photograph: Nathan Howard/Getty Images · Photograph: Nathan Howard/Getty Images The price of oil hit nearly $117 (£89) a barrel on Monday as Donald Trump threatened to “blow up” and “completely obliterate” Iranian electricity plants, oilwells and its export hub Kharg Island if it did not agree to a deal. Brent crude rose after the US president wrote on his social media platform Truth Social that if a deal was ...