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Trump claims 'Biggest Oil Deal in World' With Venezuela as Iran War Sends Prices

Times Now · WorldNews · 2026-08-28

Trump claims 'Biggest Oil Deal in World' With Venezuela as Iran War Sends Prices

Trump claims 'Biggest Oil Deal in World' With Venezuela as Iran War Sends Prices. US President Donald Trump says the United States has reached an agreement with Venezuela that would give it control of 65 billion barrels of the South American country's oil reserves. The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!" Trump wrote. Negotiated by key officials, the announcement follows the US military's capture of Venezuela's ousted President Nicolás Maduro, US News, Times Now

Why it matters. Why it matters: Trump claims 'Biggest Oil Deal in World' With Venezuela as Iran War Sends Prices Soaring.

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