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Donald Trump Boasts US Energy Dominance As Oil Markets Face Turmoil Amid Escalating Tensions
Posted
June 7, 2026
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3:41Now PlayingUS President Donald Trump on Saturday said that the United States has more energy resources than any other country, given that Venezuela is working out well. Trump, during his exchange with the press on-board the Air Force One en-route Chippewa Falls, said that the US is having great success in talks with Iran.
When asked if the US oil majors are doing enough to boost output, he said they have everything they need. "Well we have everything we need. The world doesn't. But I will say people thought it was going to be a lot worse. You know, today I looked at 96 dollars a barrel. People thought that was going to be 300 dollars a barrel. And in the meantime, we're having great success with Iran. They're not going to have a nuclear weapon. And they're in no position to have a nuclear weapon," he said.
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