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US, Venezuela Tout ‘Biggest Oil Deal in World History’

President Donald Trump announced a deal with Venezuela for 65 billion barrels of oil, aiming to boost U.S. reserves and lower gas prices.

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Lean Left

The details of the agreement are not yet known, but it fits well with Trump's vision of the United States' exclusive role in the Western Hemisphere.

Center

After media indiscretions Donald Trump confirmed that the United States has reached an agreement with Venezuela on oil. "The greatest in history" calls it the American president on Truth. (ANSA)

·Rome, Italy
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Economist and Director of Energy Studies at the Baker Institute, Francisco Monaldi, warned that the oil agreements between Venezuela and the United States are being handled with a "very alarming lack of transparency." The specialist also points out that the profits the Venezuelan state would obtain by handing over $65 billion […] The entry "Agreement between Venezuela and the US would estimate the price of a barrel at just $3.20, warns Francisco…

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According to the Republican, the U.S. will take control of more than 65 billion barrels “at no cost to the U.S. taxpayer.”

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ANSA broke the news in Rome, Italy on Friday, August 28, 2026.
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