Trump Says Iran Wants a Deal as 1 Million Barrels of Venezuelan Oil Arrive in Texas Ahead of Midterms: 'It's a Question of When Do I Want to End It'

Key takeaways

• Trump keeps the power to end the Iran conflict in Washington while boosting U.S. oil supply with a 1 million‑barrel Venezuelan shipment.
• WTI futures 1.63% to $101.53
• Brent futures 1.68% to $111.25
• UCO
  ETF

  Exchange-traded fund — a basket of stocks or bonds you can buy like a single share.

  2.33% to $66.40

What happened

President Donald Trump said Iran wants a deal but the U.S. keeps control over ending the conflict, and he announced the arrival of 1 million barrels of Venezuelan oil in Texas, calling it a historic win.

Why it matters

Trump’s comments signal that Washington still holds the decision‑making power on Iran while hinting at a possible shift in U.S. energy strategy. The oil shipment boosts U.S. supply and could influence oil prices and refinery activity in Texas. The remarks also tie into the broader geopolitical context of the…

Short-term and longer-term

Short-term. In the next few days, oil futures and ETFs may react to the news of the Venezuelan shipment and Trump’s stance on Iran.

Longer-term. Over the coming months, the U.S. oil sector could benefit from increased domestic supply and higher refining volumes in Texas. However, the ongoing Iran conflict continues to elevate energy costs, which may pressure…