Trump says US could stay in Iran and keep oil, like Venezuela deal
- US President reiterated that he still expected the Iran war to end this year
Donald Trump predicted the Iran conflict would end this year, potentially after the U.S. midterms, leading to a significant drop in oil prices, and stated Iran is eager for a deal.
- Trump's prediction for the Iran conflict's end.
- Expected drop in oil and gasoline prices.
- Iran's reported eagerness for a deal.
DOONBEG: President Donald Trump suggested on Sunday the United States could stay in Iran and “keep the oil”, drawing a parallel with a U.S. push to take control of a fifth of Venezuela’s vast oil reserves.
On a trip to Ireland for meetings and to watch golf, he reiterated that he still expected the Iran war to end this year, possibly just after midterm elections due in the United States in November.
Speaking at the Irish Open golf championship, Trump added that the price of gasoline would “drop like a rock” once the Iran war ended.
Turmoil in the Middle East has roiled oil markets, with oil traders expecting prices to rise again on Monday after an attack on a Saudi oil pipeline.
Trump said that he would only make the “right deal” and wouldn’t do one that was “no good”, adding that Iran was “calling constantly” for peace talks — an assertion that Tehran has dismissed in the past.
But the president also introduced another option: stay engaged with Iran. He drew a parallel with the U.S. 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 U.S. revenue from Venezuela has “paid for the war many times.”
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