President Donald Trump said if Iran does not reach a deal with the United States and open the Strait of Hormuz, the country would conclude military involvement in the region by “blowing up and completely obliterating” electric plants and oil wells in the country.

It comes after Trump raised the prospect of the US taking Iran’s oil in an interview with the Financial Times last night.

Trump told the newspaper that his “preference would be to take the oil,” as he weighs whether to seize Iran’s key fuel export hub at Kharg Island.

Oil prices, meanwhile, rose Monday, with Brent crude crossing $116 a barrel following his comments.

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