Iran-US war latest: Trump says he could keep Iranian oil ‘like Venezuela’ as Hormuz talks face setback

US president Donald Trump has suggested his forces could stay in Iran and "keep the ‌ oil ", drawing a parallel with a US push to take control of a fifth of Venezuela's vast oil reserves.

Trump reiterated that ​he still expected the Iran war to end this year even as the gridlock over talks on the Strait of Hormuz continue. Trump ​added that the price of gasoline would "drop like a rock" once the Iran war ended.

On Monday crude oil spiked to $107 a barrel, one of the highest since the US and Israel launched its war on Iran.Trump said that ‌he ⁠would only make the "right deal", before drawing a parallel with the US deal in Venezuela, ​announced in August.

"We'll ultimately get out (of Iran), ​unless ⁠we decide to stay and keep the oil like Venezuela," Trump said, adding that the US revenue from Venezuela has "paid ⁠for ​the war many times".

Meanwhile, Oman said it had to postpone a meeting scheduled for Monday in Muscat with Iran and other regional countries to discuss the Strait of Hormuz “in the interest of consensus”.

President Donald Trump suggested that US could stay in Iran and "keep the ‌oil", drawing a parallel with a US push to take control of a fifth of Venezuela's vast oil reserves.

On a trip to Ireland ​for meetings and to watch golf, he reiterated that ​he still expected the Iran war to end this year, ⁠possibly just after midterm elections due in the US in November.

Speaking at the Irish Open golf championship, Trump ​added that the price of gasoline would "drop like a rock" once the Iran war ended.

Trump said that ‌he ⁠would only make the "right deal" and wouldn't do one that was "no good", adding that Iran was "calling constantly" for peace talks — an assertion that Tehran has dismissed in the past.

But ​the president ​also introduced ⁠another option: stay engaged with Iran. He drew a parallel with the US deal in Venezuela, ​announced in August.

"We'll ultimately get out (of Iran), ​unless ⁠we decide to stay and keep the oil like Venezuela," Trump said, adding that the US revenue from Venezuela has "paid ⁠for ​the war many times".

US president Donald ​Trump brushed aside a report that Iran acquired satellite images of a base in Jordan from Chinese entities before an attack that ⁠killed three US troops.

The Wall Street Journal cited unnamed US officials about the attack in Jordan.

Asked whether he would mention the ⁠issue at an upcoming ​meeting ⁠with Chinese president Xi Jinping, Trump did not directly answer, and instead equated the surveillance activities of ⁠China and the United States.