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GeneralUnited States

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

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

CNBC24 min ago

Published by CurrentWire Aug 31, 2026 at 3:25 PM ET · First coverage Aug 31, 2026 at 4:21 PM ET

Compiled by CurrentWire News Desk

Summary based on reporting from CNBC.

Read the full report at CNBC

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Trump announced a massive oil deal with Venezuela. Why it won't lower gas prices anytime soon(opens original report in a new tab)24 min ago

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CNBC (www.cnbc.com), a Tier B publisher, filed this report on Aug 31, 2026 at 4:21 PM ET. CurrentWire published this page on Aug 31, 2026 at 3:25 PM ET.

Filed under General · United States · News. Topics extracted from this report, with other live CurrentWire stories mentioning each: United States (86).

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