Business

Trump Announces Oil Deal with Venezuela

Updated 2026-08-31 19:10 UTC 1 source Neutral

President Trump announced a deal securing U.S. control over vast Venezuelan oil reserves, though analysts doubt it will immediately lower gas prices.

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CNBC
President Donald Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela's proven oil reserves.
2026-08-31 19:05 UTC
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