Trump’s Venezuela oil deal has seismic potential, but it’s an idea not a reality

Trump speaks on Venezuela oil deal

Donald Trump says oil from a recent deal with Venezuela will be used to replenish the US strategic reserve.

Aug 30, 2026

Trump’s Venezuela oil deal has seismic potential, but it’s an idea not a reality

The US president’s priority is to exploit the country’s resources, not bring democracy to its people. Would a future government in Caracas uphold the deal?

Aug 30, 2026

Trump promises to ‘fill up’ SPR after US-Venezuela oil deal

President Trump said Sunday the U.S. will “fill up” the Strategic Petroleum Reserve (SPR) as a result of the oil deal his administration reached with the Venezuelan government. “One of the things I am going to do with the Venezuelan Oil is fill up the Strategic National Reserves,” Trump wrote on Truth Social, adding the…

Aug 30, 2026

How will Trump's oil deal with Venezuela work?

The "historic" agreement is set to last for 25 years and will see Venezuela increase its output to 1.5 million barrels a day, but many important details remain unclear.

Aug 30, 2026

US and Venezuela reach 'historic' oil deal, Trump says

The agreement would grant the US majority control of over 65 billion barrels of proven Venezuelan oil reserves, Trump said.

Aug 29, 2026