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Trump announces major U.S.-Venezuela oil agreement

United StatesVenezuela
First seen: Aug 29, 2026, 7:46 AM UTCUpdated: Aug 29, 2026, 9:17 AM UTC

U.S. President Donald Trump described the agreement as the largest oil deal in history and said the United States would secure access to Venezuela's extensive oil reserves. The reports provide no further confirmed details on implementation or sanctions.

A major U.S. role in Venezuela's oil sector could reshape energy flows, sanctions policy and the strategic relationship between Washington and Caracas.

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