Donald Trump has missed out on winning the Nobel Peace Prize after saying it would be a "big insult" if he didn't land the prestigious award.

RadarOnline.com can reveal the president, 79, was snubbed in favour of Venezuelan politician and activist Maria Corina Machado for her fearless fight against dictatorship in her country. Article continues below advertisement

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Trump championed his own credentials after claiming last month to have extinguished seven conflicts around the world — with the Gaza war making eight, having agreed a peace deal between Israel and Hamas.

Trump has long dreamed of pocketing the prize, and previously warned it would be a "big insult" if he did not

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