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Trump says U.S. may keep Iranian oil 'like Venezuela' as Gulf-Iran Hormuz talks stall

  • Posted on September 14, 2026
  • By CNBC
  • 1 Views
  • 1 min read
In brief

President Trump proposes a controversial strategy to secure Iranian oil resources through economic control mechanisms similar to the Venezuela model. This approach aims to generate substantial revenue streams that could offset military expenditures in the Middle East region. The proposal emerges amid escalating tensions between the U.S. and Iran, with diplomatic negotiations regarding the Strait of Hormuz facing significant obstacles. Trump emphasizes the financial benefits derived from comparable international arrangements, suggesting this model has repeatedly funded defense operations.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Trump says U.S. may keep Iranian oil 'like Venezuela' as Gulf-Iran Hormuz talks stall
Trump says U.S. may keep Iranian oil 'like Venezuela' as Gulf-Iran Hormuz talks stall

Trump said revenue from the Venezuela arrangement has "paid for the war many times."
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Author
CNBC

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