What did Trump propose regarding U.S. military presence and oil in Iran, and how did he compare it to the Venezuela situation?

Trump proposed that the U.S. could 'stay in Iran and keep the oil', explicitly drawing a parallel to the U.S. arrangement in Venezuela announced in August, where the U.S. secured control over a fifth of Venezuela's oil reserves — a deal he claimed has 'paid for the war many times'. He stated: 'We'll ultimately get out (of Iran), unless we decide to stay and keep the oil like Venezuela.'

What did Trump say about the timeline for ending the 'Iran war' and its potential impact on gasoline prices?

Trump reiterated that he still expected the 'Iran war' to end this year, possibly just after the U.S. midterm elections in November, and added that once it ends, the price of gasoline would 'drop like a rock'.

Trump Says US Could Stay in Iran and Keep Oil, Like Venezuela Deal

Sep 13, 2026

President Trump suggested the US might retain control of Iranian oil similar to its approach in Venezuela, predicting lower gasoline prices if conflict ends amidst ongoing Middle East market volatility.

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