The United States has finalized a historic oil agreement with Venezuela, significantly boosting American energy reserves.
| PULSE POINTS |
❓ WHAT HAPPENED: President Donald J. Trump announced a landmark oil deal with Venezuela on Friday, granting the U.S. majority control of over 65 billion barrels of Venezuelan oil reserves. The agreement, according to Trump, will more than double American oil reserves at no cost to taxpayers. 💬 KEY QUOTE: “The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY! At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer. This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity,” Trump stated on Truth Social. 🎯 IMPACT: President Trump says the deal will lower gas prices for Americans and bolster U.S. energy reserves, while also fostering stronger diplomatic and economic ties between Venezuela and the United States. |
— Rapid Response 47 (@RapidResponse47) August 28, 2026
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