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Trump turns to Venezuela oil to replenish US reserve at 44-year low, calls it

India Today World Desk · DistrictNews · 2026-08-30

Trump turns to Venezuela oil to replenish US reserve at 44-year low, calls it

Trump said oil from a new Venezuela deal would refill the US Strategic Petroleum Reserve. The move targets stocks at a 44-year low, though supply gains may take time. Trump turns to Venezuela oil to replenish US reserve at 44-year low, calls it a gift. The announcement links Trump's new Venezuela oil deal directly to efforts to rebuild America's emergency crude stockpile, which has been drawn down sharply amid wars, supply disruptions and efforts to contain fuel prices.

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