US may seize Kharg Island as Iran greenlights 20 oil ships through Strait of Hormuz

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by LSEG. President Donald Trump suggested the U.S. may invade Iran's Kharg Island on Monday, though he said he would prefer a diplomatic solution. Talks continue after Tehran allowed 20 oil tankers to pass the Strait of Hormuz this weekend. President Donald Trump says Iran is allowing 20 cargo ships through the Strait of Hormuz as a "sign of respect." The U.S. has continued to ramp up troop deployment in the Middle East. Trump on Monday floated the possibility of taking Iran's Kharg Island. President Donald Trump shared a video on Truth Social on Monday showing a military strike in Iran at night. The video showed explosions lighting up the sky. According to reports, the U.S. carried out a massive strike on an ammunition depot in Isfahan Monday. A U.S. official told The Wall Street Journal the depot contained a high volume of 2,000-pound penetrator munitions.