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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.

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

Published August 31, 2026 · Category: Finance

Overview

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

Source

Originally published at www.cnbc.com.

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