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The Guardian
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The Guardian

2026-08-28T23:34:36.000Z

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Trump unveils US-Venezuela oil deal

Trump unveils US-Venezuela oil deal

Donald Trump announced a new US agreement with Venezuela's interim president, granting the US "majority" control over 65 billion barrels of proven oil reserves. The deal, brokered through private partners, aims to increase American oil reserves and stabilize supplies amid rising fuel prices. Details of the agreement remain unclear, and it faces opposition from Venezuela’s officials and critics who view it as a land grab.

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