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What we know about Trump's deal giving US access to vast oil reserves in Venezuela
Aug 30, 2026
✦Economic Times

What we know about Trump's deal giving US access to vast oil reserves in Venezuela

The United States and Venezuela announced a deal giving America a stake in Venezuela's vast oil reserves. President Donald Trump called it "THE BIGGEST OIL DEAL IN WORLD HISTORY." The agreement covers 17 fields for 100 years. Many questions remain about how soon drilling starts and who pays for repairs.

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