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U.S. and Venezuela Oil Deal

Updated 2026-08-31 09:10 UTC 1 source Neutral

The U.S. announced a deal to develop Venezuelan oil reserves, with the U.S. taking a majority stake. Experts are skeptical about its impact on gas prices.

Coverage timeline — 2 articles
NPR
Trump says U.S. struck a deal to take control of 65 billion barrels of Venezuelan oil, U.S. and Iran resume exchanging strikes, funding at the top of the agenda as House reconvenes.
2026-08-31 08:49 UTC
NPR
The Trump administration announced a deal Friday to develop a vast amount of Venezuela's oil reserves, with the U.S. taking a majority stake. Energy experts say there are many reasons to be skeptical.
2026-08-31 09:00 UTC
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