Commodities
Trump Considers US Military Presence in Iran for Oil Control
US President Donald Trump hinted that the country might keep its military presence in Iran to control the country's oil reserves. This comes after a recent U.S. initiative to take control of Venezuela's oil reserves, which Trump said has 'paid for the war many times.'
In an interview during his trip to Ireland, Trump stated that the US would ultimately withdraw from Iran unless it decides to stay and keep the oil like in Venezuela.
The president expressed optimism about ending the Iran conflict this year, potentially after the U.S. midterm elections in November. He predicted that gasoline prices could 'drop like a rock' once the conflict ends.