Oil prices soar as Trump threatens to invade Iran, seize its resources

President Trump's threat to "take the oil in Iran," with ground forces possibly used to seize vital Iranian infrastructure on Kharg Island, has drawn a warning from Tehran that it is waiting for their arrival "to set them on fire and punish their regional partners forever."

Iran along with its proxy forces Hezbollah in Lebanon and now the Houthis in Yemen — continues to launch missiles and drones at Israel and Persian Gulf states, with explosions reported Monday around Israeli oil infrastructure in the northern city of Haifa.