Trump says US may retain Iranian oil as Hormuz talks stall
The US president said Iranian oil could be handled under an arrangement similar to Venezuela’s, without specifying terms or saying any deal had been reached.
Donald Trump said the United States may retain Iranian oil under an arrangement similar to one involving Venezuela, as talks between Gulf states and Iran over the Strait of Hormuz stalled, according to CNBC.
Trump did not specify which Iranian oil would be covered, how the arrangement would operate or whether it had been agreed. The Strait of Hormuz is a major oil-shipping route.
He also said revenue from the Venezuela arrangement had “paid for the war many times”. The supplied report does not identify the war referenced or provide details supporting the claim.
The comments come as the reported pause in Gulf-Iran discussions adds uncertainty around a key route for oil shipments. No further operational or diplomatic details were provided.
