‘Gift from Venezuela’: Trump says oil deal will help refill US strategic reserve
Source: Times of India
Category: Politics
Region: General
Published: August 30, 2026 at 15:16
📝 Summary
US President Trump announced a deal to secure Venezuelan oil for the US reserve. This oil will be used to refill the Strategic Petroleum Reserve. The agreement involves developing untapped oil fields in Venezuela. Significant investment is needed before Venezuelan production can increase. The immediate impact on US fuel prices remains unclear.