Business Insider gathered commentary from top expects as oil prices climbed on Thursday after Trump's remarks on the war in Iran.

Trump has threatened to "obliterate" Kharg Island if a deal with Iran is not reached shortly. His interest in the key oil hub dates back decades, long before his presidency and the current war. Here's what to know.

A senior Iranian military official rejected President Trump's ultimatum, calling it "a helpless, nervous, unbalanced and stupid action."

The Middle East conflict has entered its fifth week, with attacks expanding across the region and raising risks to energy and infrastructure.

The Iranian military struck a Kuwaiti oil tanker off the coast of Dubai, United Arab Emirates, on Tuesday morning, just a day after President Trump issued a stark warning against such a move. The

Israel and several Persian Gulf nations reported a new influx of drone and missile launches toward them early Thursday morning, hours after President Trump asserted in a national television address that the U.S. military campaign against Iran was an overwhelming success and “near completion.”

President Trump on Sunday suggested his priority in Iran is taking control of the country’s oil industry as he weighs next steps one month into the war he launched with Israel. “To be honest with you,

President Donald Trump said Sunday that he would like to "take the oil in Iran" and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran's oil exports

President Trump’s statements about continuing to strike Iran spooked investors, though markets recovered after reports that Oman and Iran were in talks to monitor Strait of Hormuz traffic.

Sanctioned traders, including Hossein Shamkhani, have been able to move oil through the Strait of Hormuz and exploit higher prices.

Energy markets remain volatile as President Trump threatens Iran with an invasion to seize its oil while also suggesting a deal could soon end the war.

The US is still searching for a crew member from a fighter jet shot down over Iran. Meanwhile, a strike hit the perimeter of an Iranian nuclear plant. Follow for live updates.