Trump announces ‘biggest oil deal in world history’ with Venezuela
- Posted on August 29, 2026
- By Al Jazeera
- 1 Views
- 1 min read
President Trump announces a historic petroleum agreement with Venezuela, positioning the United States to gain controlling interest in vast energy reserves exceeding 65 billion barrels. This strategic deal aims to strengthen America's energy independence and reshape geopolitical dynamics in Latin America. The agreement represents a significant shift in US-Venezuelan relations and could have substantial implications for global oil markets and energy security.
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