U.S. President Donald Trump said Sunday that America could continue its campaign against Iran and take control of its oil, comparing the scenario to the deal struck with Venezuela earlier this year. Venezuela ceded majority U.S. control of more than 65 billion barrels of oil reserves, more than double America’s own reserves, in exchange for $209 billion to its state treasury. A planned meeting in Oman between Gulf countries and Iran to discuss the Strait of Hormuz has been postponed, with the naval blockade keeping global energy prices elevated. Oil prices surpassed $100 per barrel for the first time since May, with U.S. WTI crude reaching $102.39 and Brent crude trading at $107.11 per barrel.
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