Trump Floats Keeping Iran's Oil Like Venezuela — SkimNews
Get the Geopolitics newsletter
Daily geopolitics — wars, elections, sanctions, the diplomatic moves that move markets. Free.
- Trump floated staying in Iran and 'keeping the oil,' drawing a direct parallel to the August Venezuela deal targeting a fifth of Venezuela's vast oil reserves
- Trump said US revenue from Venezuela has 'paid for the war many times,' framing oil seizure as self-financing
- Trump reiterated he expects the Iran war to end this year, possibly just after the November US midterm elections
- Trump claimed petrol prices would 'drop like a rock' once the war ended, even as oil traders expected prices to rise Monday after an attack on a Saudi oil pipeline
- Trump said Iran was 'calling constantly' for peace talks — an assertion Tehran has previously dismissed — and that he would only accept the 'right deal'
- The remarks came during Trump's visit to Doonbeg, Ireland, for meetings and to attend the Irish Open golf championship
Why it matters: Trump is keeping a permanent US military-oil footprint in Iran on the table rather than committing to withdrawal, and tying the war's end to the November midterms hands him a political deadline. By citing Venezuela as proof US oil revenue can 'pay for the war many times,' he frames continued presence as self-financing — a stark reversal from the 'we'll get out' posture he initially outlined.
Ask SkimNews
