Trump hints U.S. could stay in Iran to control its oil
Donald Trump said the United States might keep a presence in Iran after the war ends and could seize Iranian oil, likening the move to Venezuela.
During a visit to Ireland, Donald Trump remarked that the United States may ultimately leave Iran but could decide to stay if it benefits from controlling Iranian oil, drawing a parallel with the situation in Venezuela. He claimed that earnings from Venezuelan oil have repeatedly offset the expenses of the war. Trump expects the fighting in Iran to conclude before the year ends, perhaps following the November midterm elections, and emphasized he will only accept a deal he deems fair.
He asserted that Iranian officials have repeatedly tried to contact Washington for peace talks, a claim Tehran has denied. The ongoing conflict has pressured global oil markets, especially after a recent attack on a Saudi Arabian pipeline, but Trump predicts fuel prices will drop sharply once hostilities cease.
Why it matters
Trump's remarks could influence U.S. policy on Iran and affect global oil markets.
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