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Trump hails ‘historic’ deal for US to control 65bn barrels of Venezuela’s oil

August 29, 2026

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josephrow


The US has reached a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves, President Donald Trump announced. “This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans,” Trump posted on social media.

https://www.bbc.com/news/articles/cx2zlwe7qj1o

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