Washington: U.S. President Donald Trump stated on Thursday that taking control of Iran's oil resources is an "option," intensifying pressure on Iran to negotiate a deal to end the conflict with the United States and Israel. Trump made these comments during a Cabinet meeting, referencing the U.S. intervention in Venezuela's oil sector following the capture of Venezuelan President Nicolas Maduro in a U.S. military strike in January.

According to Yonhap News Agency, Trump explained that U.S. involvement in Venezuela has allowed America to earn "billions of dollars," suggesting a similar approach could be considered for Iran. He highlighted Venezuela's situation, suggesting that U.S. involvement in Iran's oil industry could be a possibility post-conflict.

Trump's remarks coincided with the impending deadline for Iran to reopen the Strait of Hormuz, which he set to expire the day after. He had threatened to "obliterate" Iran's power plants and energy infrastructure if Tehran did not comply. Trump reiterated his belief that Iran is eager to negotiate, despite Iranian Foreign Minister Abbas Araghchi's acknowledgment of only indirect communication through intermediaries.

In the Cabinet meeting, Steve Witkoff, the special envoy to the Middle East, confirmed that a 15-point "action list" outlining a peace framework with Iran has been presented, with Pakistan acting as a mediator. This proposal reportedly addresses U.S. demands regarding Iran's nuclear and missile programs and uranium stockpiles.

Trump revealed that Iran allowed 10 oil tankers to pass through the Strait of Hormuz as a gesture to demonstrate goodwill towards the U.S. He also criticized NATO allies for not providing naval assistance to secure the strait, hinting at consequences for their inaction.