Trump says U.S. may keep Iranian oil 'like Venezuela' as Gulf-Iran Hormuz talks stall
Trump said revenue from the Venezuela arrangement has "paid for the war many times."
TL;DR
- President Trump proposed continuing the campaign against Iran and taking its oil, likening it to a deal with Venezuela.
- He claimed the Venezuela arrangement, which granted the U.S. access to oil reserves, has generated substantial revenue, paying for the war multiple times.
- Talks between Gulf countries and Iran regarding the Strait of Hormuz have been postponed.
- The Strait of Hormuz has been under naval blockade since February, contributing to elevated global energy prices.
- Oil prices have surpassed $100 a barrel due to conflict and damage to energy infrastructure.