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

31

Aug

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.

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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CNBC

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Source: CNBC

Published: 31 Aug 2026 17:54

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