Trump Mulls Keeping Oil Reserves in Iran Amid Ongoing Conflict
US President Donald Trump has suggested that his country could stay in Iran and keep its oil reserves, drawing parallels with a deal struck with Venezuela. Speaking at the Irish Open golf championship, Trump stated that he would only make 'the right deal' for the US, implying that he is willing to explore alternative scenarios for resolving the ongoing conflict in Iran.
Turmoil in the Middle East has already had an impact on oil markets, with prices expected to rise again on Monday following an attack on a Saudi oil pipeline. Trump's comments on Sunday further fueled speculation about the future of US-Iran relations and the potential implications for global energy markets.
The President also reiterated his expectation that the Iran war would come to an end this year, possibly just after the midterm elections in November. He added that once a peace agreement is reached, the price of gasoline will 'drop like a rock.'