Iranian state media reported that Iran has threatened Elon Musk's companies operating in the Middle East. The report, published on June 11, 2026, cites escalating regional tensions as the primary driver behind the threats.

The specific companies or nature of the threats were not detailed in the report. However, the development underscores the growing risks for multinational corporations in the region amid geopolitical instability.

Context and Implications

The threats come at a time of heightened friction in the Middle East. While the report does not specify the sectors targeted, Musk's portfolio includes aerospace, automotive, and telecommunications ventures with global footprints.

Key Details

The report highlights the potential for business operations to be impacted by political decisions. Investors and stakeholders will likely monitor the situation for further developments.

President Donald Trump vowed to seize Iran’s main oil hub and take “total control” of its oil and gas markets, escalating the standoff after both sides traded strikes for a second straight day. In a Truth Social post this morning, Trump said the U.S. would hit Iran “very hard tonight” and would take Kharg Island, the terminal where about 90% of Iranian crude is loaded onto tankers. He likened the move to U.S. pressure on Venezuela.

The flare-up began Monday when an Iranian drone brought down a U.S. Army Apache helicopter near the Strait of Hormuz, triggering the military’s first sea drone rescue. U.S. strikes on nearly 20 Iranian targets followed, and Iran fired back at American bases in Bahrain, Kuwait and Jordan. Trump had insisted days earlier that a deal was “two or three days” away, then pivoted to calling Iran “all talk and no action.”

Market Reaction and Prediction Data

Traders are pricing the breakdown in real time. Polymarket’s market on a permanent US-Iran peace deal by June 30 has fallen to 16%, from a high of 75% in May. A Polymarket contract on whether Hormuz traffic returns to normal by July 31 sits near 25%. That skepticism may be warranted, as commercial transits have run far below normal since the conflict erupted in late February.

Energy Sector Impact

Trump claimed a covert U.S. mission had quietly moved more than 200 commercial ships and 100 million barrels through Hormuz, crediting it for keeping crude near $90 rather than above $200. A U.S. attack on Kharg would likely tighten an already-stressed market. That makes energy the tradeable angle, with Exxon Mobil Corp., Chevron Corp. and the United States Oil Fund all higher Thursday as traders price the Middle East risk premium. Trump has promised a deal at least 38 times since March, and each deadline has slipped.