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Trump says US reaches deal with Venezuela to control 65 billion barrels of country’s oil reserves

Posted on August 28, 2026
By CNN
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1 min read

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Trump says US reaches deal with Venezuela to control 65 billion barrels of country’s oil reserves

President Donald Trump said Friday night the United States reached an oil agreement with Venezuela, a move he said will more than double American oil reserves, increase oil supply and lower gas prices.