Iran-US war latest: Trump says he could keep Iranian oil ‘like Venezuela’ as Hormuz talks face setback
US president Donald Trump has suggested his forces could stay in Iran and “keep the oil”, drawing a parallel with a US push to take control of a fifth of Venezuela’s vast oil reserves.
Trump reiterated that he still expected the Iran war to end this year even as the gridlock over talks on the Strait of Hormuz continue. Trump added that the price of gasoline would “drop like a rock” once the Iran war ended.
On Monday crude oil spiked to $107 a barrel, one of the highest since the US and Israel launched its war on Iran.Trump said that he would only make the “right deal”, before drawing a parallel with the US deal in Venezuela, announced in August.
“We’ll ultimately get out (of Iran), unless we decide to stay and keep the oil like Venezuela,” Trump said, adding that the US revenue from Venezuela has “paid for the war many times”.
Meanwhile, Oman said it had to postpone a meeting scheduled for Monday in Muscat with Iran and other regional countries to discuss the Strait of Hormuz “in the interest of consensus”.
