Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon

President Donald Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela's proven oil reserves.

By · August 31, 2026 · 1 min read

This article was originally published by CNBC Top News and is republished here under license.

President Donald Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela’s proven oil reserves.

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