During a press conference at the White House, President Donald Trump reacted sharply to a question from a reporter about whether he would exclude the use of nuclear weapons against Iran. ^[1] President Trump called the reporter's question 'stupid' and stated there is no reason to use nuclear weapons against Iran, claiming the country is completely militarily defeated. ^[2] President Donald Trump will hold a meeting with representatives from the oil and gas industry on Tuesday, September 1. ^[3] US President Donald Trump stated at the White House that Federal Reserve Chair Kevin Warsh should lower interest rates rather than raise them, arguing that the economy is performing well and that lowering rates increases credit reliability. ^[4] President Donald Trump announced a major oil agreement with Venezuela via a social media post. ^[5] According to the Daily Mail, the United States has spent approximately 37.5 billion dollars in a six-month conflict with Iran, during which 18 American soldiers were killed. ^[6] The agenda includes discussions on energy supply, energy prices, and available refining capacity in the United States. ^[7] The meeting will take place at the Cabinet Room in the White House starting at 1:30 pm without press access. ^[8] Trump announced a major oil agreement with Venezuela, claiming that the world's most powerful and wealthy companies are entering the deal and that all extracted oil will be processed in US facilities. ^[9] Trump asserted that the US has significantly improved the situation at the Strait of Hormuz, noting that an average of 30 ships pass through the strait nightly with US Navy assistance. ^[10] Trump described the military situation in Iran as a limited operation, claiming the country has 350% inflation, lost currency function, and that its navy and air force have been eliminated. ^[11] Donald Trump asserted that Iran has already suffered a total defeat at the military level. ^[12]