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Business

Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon

CNBC · August 31, 2026 at 3:05 PM

President Donald Trump announced Friday that the U.S. secured majority control over 65 billion barrels of Venezuela's proven oil reserves.

Read the full article on CNBC ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cnbc.com — the content belongs to CNBC.

This story in other outlets

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