Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon
- Posted on August 31, 2026
- By CNBC
- 0 Views
- 1 min read
In brief
Generating AI summary…
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.
