Trump Says US Could Still 'Smack' Iran
Speakers
Mica Soellner
— Bloomberg Government Senior White House Reporter
Donald Trump
— President of the United States
Summary
President Trump addressed the US-Iran conflict at the White House, saying Iran is weakened but that another US strike is possible. Bloomberg's Mica Soellner reports that hostilities are not near a close and have lifted oil prices. Trump also suggested a Venezuela oil deal could eventually bring oil and gasoline prices down.
- Trump called Iran a failed nation with severe inflation and destroyed military capabilities.
- He said limited US strikes are planned but did not rule out another strike.
- Mica Soellner said US-Iran escalation is continuing with no near-term end.
- Renewed hostilities put upward pressure on oil.
- Trump said oil may come down later due to a $100 billion Venezuela deal.
- Details of the Venezuela deal, including private financing, remain unclear.
Ideas
US-Iran escalation lifts oil prices.
President Trump says oil prices may come down at some point because of the $100 billion Venezuela oil deal, which he describes as a fix for bringing down US gas prices and sending oil to places like Houston and Louisiana.
Venezuela deal may lower oil prices.
President Trump says oil prices may come down at some point because of the $100 billion Venezuela oil deal, which he describes as a fix for bringing down US gas prices and sending oil to places like Houston and Louisiana.
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This Bloomberg Markets video, published August 31, 2026, features Mica Soellner, Donald Trump discussing WTI, UGA. 2 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Mica Soellner, Donald Trump · Tickers: WTI, UGA