Trump Announces US Control of 65B Barrels of Venezuelan Oil

Published on 8/29/2026

Trump Announces US Control of 65B Barrels of Venezuelan Oil

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President Trump stated that the United States will take control of 65 billion barrels of oil from Venezuela. This joint venture aims to lower petrol prices for Americans. The announcement could have significant implications for oil markets and consumer energy costs. It highlights the government's involvement in the oil sector and its potential impact on supply and prices.

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