Trump stated on Sunday that the U.S. could continue its campaign against Iran and take control of its oil, likening it to the deal with Venezuela. He added that U.S. revenue from the Venezuela arrangement, which granted access to roughly a fifth of Venezuela's oil reserves, has "paid for the war many times." His comments came as diplomacy over the Strait of Hormuz stalled, with a meeting between Gulf countries and Iran postponed due to a need for consensus.