Trump Suggests US Could Remain in Iran, Keep Oil Reserves

US President Donald Trump has hinted that the country could remain in Iran and keep control of its oil reserves, drawing parallels with the US-Venezuela deal announced in August. Speaking during a trip to Ireland for meetings and golf events, Trump stated that the US would only make a 'right deal' and not one that is 'no good'. He added that Iran was 'calling constantly' for peace talks, an assertion that Tehran has dismissed in the past.

Trump also mentioned the possibility of staying engaged with Iran, citing the US-Venezuela agreement as an example. He claimed that the US revenue from Venezuela had 'paid for the war many times'. The president expects the war in Iran to conclude this year, potentially shortly after the US midterm elections in November.

Turmoil in the Middle East has led to increased oil prices, with traders expecting a rise on Monday following an attack on a Saudi oil pipeline. Trump stated that gasoline prices would 'drop like a rock' once the war in Iran comes to an end.