US secures majority control of Venezuelan oil reserves – Trump

The Punch | 29-08-2026 06:18am |

President Trump has announced a historic deal that grants the United States majority control of Venezuela's oil reserves, estimated at 65 billion barrels. The agreement promises significant investment in the region and is expected to lead to lower gas prices. This development marks a major shift in international oil dynamics, with potential implications for global energy markets. The announcement was made during a press conference, highlighting the strategic importance of the deal.

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