Donald Trump says Venezuela-related accord is "the biggest oil deal in the history of our country"

At the Republican Party’s midterm convention in Dallas on Wednesday, Donald Trump spoke about the U.S.-Iran conflict and energy, saying he expected oil prices to fall if the U.S. wins and suggesting the Strait of Hormuz be renamed after him. He claimed domestic oil and gas production now surpasses Russia and Saudi Arabia combined. He also highlighted a Venezuela-related accord, saying it gives the U.S. access to 65 billion barrels and could represent 500 years of supply. The remarks came amid heightened tensions over the Strait of Hormuz, a vital global energy passage, and the wider conflict with Iran.