Trump discusses Iranian oil control, U.S. revenues from Venezuela

President Donald Trump indicated the U.S. may control Iranian oil, similar to its recent deal with Venezuela, which involved gaining access to about 20% of Venezuela's oil reserves. Under that agreement, Venezuela ceded majority control of more than 65 billion barrels of oil reserves to the U.S. for $209 billion. Trump suggested that the expected end of the Iran conflict may lead to a significant drop in gasoline prices. This news is relevant for investors as oil prices are currently elevated due to geopolitical tensions, with U.S. West Texas Intermediate futures reaching $102.3, up 2.3%.